The US stock bull market is marking its third anniversary, even as its current S&P 500 bull run, which began on October 12, 2022, has seen an 83% surge and added $28 trillion in market value. While the benchmark's 13% gain over the past 12 months is double the average for a third-year bull market, its continued momentum is contingent on a broader participation of stocks, especially following a recent selloff driven by President Trump's tariff threats on Chinese goods.
The US stock market's bull run, initiated on October 12, 2022, is now three years old, with the S&P 500 having surged 83% and added approximately $28 trillion in market value. This performance includes a 13% gain over the past 12 months, which is double the average third-year rise for a bull market, according to CFRA Research. However, this robust growth was recently tempered by a selloff, reducing the gain from 88% to 83%. The recent market pullback was directly attributed to former President Trump's threat of "massive" tariffs on Chinese goods, highlighting geopolitical and trade policy risks. A critical condition for the bull market's continuation, as per historical patterns, is a broadening of participation beyond its current concentration. The current market structure, characterized by a mixed sentiment and cautious tone, suggests underlying fragility despite headline gains. The S&P 500's significant outperformance, while impressive, masks a potential narrowness in market leadership, which historically precedes a slowdown if not addressed. The re-emergence of tariff threats introduces significant uncertainty for global trade and corporate earnings, particularly for sectors reliant on international supply chains. Investors should therefore monitor for signs of broader market engagement and evolving trade policy.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request a DemoOverall Sentiment
mixed
Sentiment Score
0.10
Ticker Sentiment
