S&P 500 Bull Run Among Strongest in History Since 1928
The current bull market has seen the S&P 500 gain 95% since end-2022, placing it in the top 10% of all bull markets since 1928. The median historical gain over 3.5 years is roughly 35%.
SPX
The S&P 500 has surged 95% since the end of 2022, putting the current bull market in the strongest 10% of all such cycles since 1928. At the same stage, the top 25% of historical bull markets gained roughly 50%, while the median delivered only about 35% after 3.5 years.
The rally has remained in the top decile for two years, excluding a brief correction in March–April 2025. Since the April low, the index has jumped 51%, underscoring powerful momentum.
Source: The Kobeissi Letter