Can the post-crisis bull market last?

Last August the S&P’s bull market became the longest since World War II. Pundits have been predicting its end for some time now, but the economic backdrop suggests that there is no immediate reason to be bearish.

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Strong wages are likely to keep fuelling consumption
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Ten years ago last week, global investors were terrified. "The fear generated by a tumbling stockmarket was given an extra twist after the S&P 500 hit the devil's low of 666," says Michael Mackenzie in the Financial Times. The benchmark US index had plummeted by 57% from its 2007 peak. But every crash has a bottom, and on 9 March 2009 it bounced off 666 and embarked on a bull run that has yet to end.

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Marina Gerner is an award-winning journalist and columnist who has written for the Financial Times, the Times Literary Supplement, the Economist, The Guardian and Standpoint magazine in the UK; the New York Observer in the US; and die Bild and Frankfurter Rundschau in Germany.

Marina is also an adjunct professor at the NYU Stern School of Business at their London campus, and has a PhD from the London School of Economics.

Her first book, The Vagina Business, deals with the potential of “femtech” to transform women’s lives, and will be published by Icon Books in September 2024.

Marina is trilingual and lives in London.