New highs if trade war ceasefire talks advances
Bulls will look for confirmation of accelerating US economic growth in Target's earnings report, used-home sales and durable-goods orders
THIS week, the bull market in US stocks will officially tie the longest-lived stock-market advance in history, further fuelling a debate over how much longer it can survive.
Unless the Standard & Poor's 500 records a drop of more than 20 per cent before Friday, the current bull market will match the longevity of the 1990 to 2000 run that was interrupted by the pop of the dot-com bubble.
"Bull markets don't die of old age, they die of excesses," said strategists at brokerage LPL Financial in a note to clients.
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