Another year or more of gains may lie ahead for U.S. stocks if history is any guide, according to Jeffrey Kleintop, LPL Financial Corp.’s chief market strategist.
The bull market that began in March 2009 is the seventh to last at least four years since World War II, as Kleintop wrote two days ago in a report. Four of the previous rallies ran for five years or more, and the fifth year produced a 22 percent average gain for the Standard & Poor’s 500 Index.
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