So says Bloomie:
In 2011 and 2012, it was Europe’s credit crisis. Three years later, a currency devaluation in China twice sent the S&P 500 into corrections. Last Christmas, the bull market came within points of dying as the Federal Reserve raised interest rates.
Notice a pattern? Some pundits do, one in which every three years or so something drags the bull market to the brink of extinction, before a last-minute escape. Goofy numerology aside, it’s a record of resilience that underpins a case for optimism. And right around now is when the benefits start to be felt. The S&P 500 just rose for the ninth week in the past 10