by Justin Spittler
Casey Research
The bull market is on its last leg…
As Dispatch readers know, U.S. stocks began a historic rally seven years ago. From March 2009 through December 2014, the S&P 500 soared 204%.
This bull market is still “technically” alive. The popular definition says a bull market ends when an index falls 20%. Since peaking in May, the S&P 500 has dropped a maximum of 15%.
Still, the rally appears to be running on fumes…