The S&P 500 (SPX) is in the midst of a raging bull run as the index more than doubles its value in less than 10 years.
Data from the Kobeissi Letter shows that the S&P 500 is on track to shatter the record seen during the post-war boom by the end of this decade.
“US stocks are having one of their best decades in history: The S&P 500 has gained +141.0% so far since the end of 2019. If this pace continues, the index will finish the decade with a cumulative gain of roughly +277%.
This would rank as the 2nd-best decade on record, trailing only the +316% return posted during the 1989-1999 Dot-Com Boom. This would also surpass the +257% gain seen during the postwar boom decade of 1949-1959. By comparison, between 2010 and 2020, the S&P 500 returned +190% following the 2008 Financial Crisis.
The 2020s are shaping up to be one of the greatest decades in US equity market history.”
The Kobeissi Letter also says it is keeping a close watch on gold and silver, assets that are soaring after the US Treasury Department announced Treasury buybacks.
“Gold and silver added a combined +$1.3 trillion in market cap after the US Treasury’s announcement this morning.
The Fed can no longer contain yields, and the US government cannot afford higher yields.
Asset owners will be the only winners.”
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The post S&P 500 Witnessing One of the Best Decades in History, Soars Over 140% in Seven Years appeared first on The Daily Hodl.