The bull market turns 5

U.S. equities hit bottom five years ago, marking the beginning of the current bull market.
Still climbing:  Although it has stumbled in 2014 through mid-March, the broadest measure of the U.S. stock market has returned 188% since its nadir during the financial crisis.
Risk-adjusted returns:  Consumer discretionary and consumer staples stocks have fared the best during the current bull market. Sharpe ratios of large-cap stocks have outpaced those of small caps.
A long run:  The current runup ranks sixth in terms of length to date among all U.S. equity bull markets, as measured by the S&P 500.
Lofty valuations:  As of Dec. 31, the spread between the Wilshire 5000 market cap and U.S. GDP was at its highest level since the third quarter of 2000.
Sources: Bloomberg LP; S&P Capital IQ; Wilshire Associates; Bureau of Economic Analysis
Compiled and designed by Timothy Pollard and Gregg A. Runburg

Related