Longest bull run in US history seen sustaining its momentum

LAST week, major US indexes finished at record highs, extending the longest bull market on record as investors took heart from a more accommodative than expected tone from Federal Reserve chairman Jerome Powell.

Investors will be glued to stock charts this week, trying to ascertain if the market can sustain its upward momentum for long.

The debate over the sustainability of the bull market has lasted almost as long as the run itself. The bears warn that, despite Mr Powell's reassurances about interest rates, borrowing costs are set to rise.

They cite the effects of an ongoing trade war and, with c…