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Watch these warning signs for a potential peak in the stock market's long-term bull rally, NDR says

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Ned Davis Research says investors should watch for warning signs of a potential peak in the S&P 500.

The secular bull market, which began in 2009 , is in a mature stage according to NDR 's Tim Hayes .

Hayes isn't calling for an imminent peak, especially with falling interest rates historically acting as a tailwind for stock prices.