Equity Quarterly - Q3 2017

Global markets remain strong

Markets across the globe continued their synchronised strong rally, reaching new highs during the quarter. The length of the S&P 500 bull market, starting from a low in the first quarter of 2009, is now at 104 months. This is the second-longest bull run for the index on record. Since the beginning of 2013, it has had only one negative quarter (the third quarter of 2015).