Economic data

The current bull market is actually below average

Note: Duration is in months; Reproduced from LPL Financial; Table: Axios Visuals

The S&P 500's bull run over the past 128 months has been impressive, but it is also not well understood, analysts at LPL Financial note.

The intrigue: While the stock market's gains have continued longer than the previous record bull market that Americans witnessed through the 1990s, it has produced far fewer returns for stock investors.

Treasury selloff is more about the Fed than the trade deal

Treasury Department logo outside of the building
Photo: Alastair Pike/AFP/Getty Images

The U.S. bond market was closed on Monday to commemorate Veterans Day, pausing a massive selloff in U.S. Treasuries that has taken yields on the benchmark 10-year Treasury note to their highest level since the start of August.

Why it matters: The Treasury market has provided a more accurate reflection of U.S. economic data so far this year, and rising yields show safe-haven bonds are losing their appeal.