Bull Market Surging with Busy Week on Wall Street Ahead

The current bull market is about to go down in history as the longest stretch ever.

Barring an unprecedented collapse, on Wednesday this market will be 3,453 days old, making it the longest of any bull run in history. Despite other global markets being in bear stages, the U.S. market has proved to be resilient to business happenings around the world. The Shanghai Composite, Japan’s Nikkei, the UK’s FTSE 100, and the German DXE are all running at a loss for the year so far, making the U.S. bull run even more impressive.

Expert opinions are mixed regarding if the market can sustain this large rate of growth over the next few months. While some financial analysts believe the healthy bull market could stretch years into the future, other experts are more cautious in their outlook. The S&P 500 is up almost 7 percent for the year while the NASDAQ is up more than 13 percent. Although the DOW has not surged as high as its S&P and NASDAQ counterparts, it is still only 3.5 percent off of its record high. Steady earnings and robust government spending partnered with a low rate of inflation have many investors optimistic about the market heading into the holiday spending season.

A busy financial week ahead could provide more direction to the markets. Retailers set to release earnings reports in the coming days include Gap, Foot Locker, Target, Kohl’s, and Ross. Wall Street analysts predict favorable earnings reports as retail sales continue to surge and beat expectations.

On Wednesday, the Federal Reserve is scheduled to release its minutes from the August meeting. Investors will scrutinize these minutes for signals of the Fed’s intentions in regards to potential interest rate hikes.

Also coming up, trade talks with China are set to resume once more when the Chinese send a delegation to the U.S. to discuss the ongoing tariff issues. On Thursday, a new round of tariffs on $16 billion worth of Chinese import is set to begin.

Haley Thompson

About Haley Thompson

Haley is a journalist with over 10 years of experience in the field. She has held many editorial roles at a number of high-profile publishers – both offline as well as online.

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