Chart of the Day – Tuesday, April 2, 2024

Another way to visualize the cycle is to show it as a clock. If 12:00 is the start of the cycle, compared to the longest cycles in history, it’s only around 3 pm right now. Based on the average cycle, it’s 6 pm. Time is still on our side. /END pic.twitter.com/kSREs3YXHU

— Jurrien Timmer (@TimmerFidelity) April 2, 2024

Today’s Chart of the Day was shared in a thread by Jurrien Timmer (@TimmerFidelity).

• The S&P 500 has been in a bull market for 17 months, gaining +45%.

• The median bull market lasts 30 months and gains +90%.

• Jurrien shows the data as if it were a clock, pointing out that it’s 6 pm based on the average cycle and 3 pm compared to the longest cycles.

The takeaway: We’re about halfway through a “typical” bull market cycle. This bull could run for another year before it’s considered old.