Charles Stanley's chief investment officer Cunliffe allays fears of market peak

Nine-year bull run

Charles Stanley's chief investment officer Jon Cunliffe has denied equities are approaching their peak after nine years of a bull market, as he added cycles "do not die of old age".

The bull market in the UK has been running since markets turned positive in March 2009, following the bottom reached during the Global Financial Crisis, with the FTSE 100 index doubling in value over that period. The FTSE 100 bottomed out at 3,530 in March 2009 and has rallied since then to recently touch a record high of 7,877, before last week's pullback on mounting Italian political risk. The FTSE 250 has performed even better since the crisis rising from 6,093 in 2008 to more than 21,000. R&M's Sergeant: Brexit and Corbyn make UK equities 'cheapest in the world' However, man...