As the calendar turns to May, it also means the current economic expansion is now 107 months old, officially marking the second-longest since World War II (WWII). As our LPL Chart of the Day shows, only the 120-month expansion of the 1990s stands in the way of the record.

“Can the current expansion go another 14 months to break the record for the longest economic expansion?” asked Ryan Detrick, Senior Market Strategist. “Considering bull markets don’t die of old age, but instead die of excesses like overspending, overleverage and overconfidence, we think there’s a good chance this cycle can go at least another year, as we simply aren’t seeing signs of excesses from previous economic peaks.”

The next six months could be tricky for equities, but we think the lack of excesses in the U.S. economy is one important reason why this year may be (another) one in which staying invested could be better than sitting on the sidelines—topics that we’ll cover in more detail in this week’s Weekly Market Commentary, due out later today.



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