The current bull run is historic: The S&P 500 is up +95% since the end of 2022, placing the current bull market within the strongest 10% at this stage of the cycle, in data going back to 1928. By comparison, the top 25% of historical bull markets gained roughly +50% over the same period. Meanwhile, the median bull market delivered just ~35% after 3.5 years. The current bull run has remained within the strongest 10% of historical bull markets for 2 years, excluding the March-April 2025 correction. Since the April 2025 low alone, the S&P 500 has surged +51%. Market momentum is incredibly strong.