S&P 500 Hits New Record High, Confirming Ongoing Bull Market with Room to Run
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The S&P 500 hit a new record high in early 2024, confirming we've been in a bull market since late 2022. History shows bull markets tend to last over 8 years, much longer than bear markets.
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Past bull markets resulted in triple-digit gains for the S&P 500 and double-digit annualized returns. The index still has plenty of room to run based on historical trends.
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Growth stocks like Amazon, Nvidia, and Alphabet thrived last year. Alphabet still looks undervalued considering its earnings strength and growth potential.
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Investors could boost returns by adding more growth stocks to their portfolios, while still maintaining their core long-term holdings.
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No one knows for sure what the market will do next, but historical bull market trends suggest the S&P 500 could have significant gains in 2024 and beyond.