1.S&P Just Broke Out of 13 Year Consolidation Period in 2013-We have shown this before in a different chart form but same story.
While the S&P 500 SPX, -0.11% has been in a bull market since the bottom of the financial crisis in 2009, it only broke out of a 13-year consolidation period in 2013, according to Ryan Detrick, senior market strategist at LPL Financial. In the past, when such lengthy periods of essentially flat returns came to a close, the result was an equally long advance. (While markets were extremely volatile between 2000 and 2013, an era marked by both the dot-com bubble and the financial crisis, it failed to make decisive new highs for an extended period in that timeframe.)
