S&P 500 bull market since end-2022 ranks in the strongest 10% historically, up 95% and significantly outpacing median bull market gains.
Macro & Markets ·
The S&P 500 has gained 95% since the end of 2022, placing it in the strongest 10% of bull markets at this stage since 1928, significantly ahead of the median bull market's ~35% return over 3.5 years and the top quartile's roughly 50% gain over the same timeframe. The rally has remained within this top-decile range for two years even after accounting for the March-April 2025 pullback, with a 51% surge occurring since the April 2025 low.