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Wall Street Celebrates 10th Anniversary of Bull Market
As if to celebrate the ten year anniversary of the bull market, stocks worldwide posted another week of gains – this time of the order of 2%. Wisely, investors still harbor concern about how long the party can go on. Longevous bull markets are not unprecedented, just rare.
History has shown that April has been a good month to hold stocks. But two possible headwinds loom. First, will this month’s quarterly corporate profit reports be okay? Second, will the Federal Reserve Board hold the line on interest rate hikes?