Is the US equity market peaking?

BULL markets don’t typically die of old age. So says Principal Asset Management (Principal AM) in its latest report on the US equity market outlook, noting that while the current bull market has enjoyed a strong run, history suggests that age alone is not a death sentence for rallies.

With US equities delivering double-digit returns over the past two years and valuations looking increasingly expensive, investors are beginning to question whether the rally has more room to run or if markets have finally peaked.