Posted 12/4/2023, 11:16:00 AM
S&P 500 on Verge of Confirming New Bull Market After Short Bear
- The S&P 500 is near confirming a new bull market, up 19.7% this year and 28.5% from Oct 2022 lows
- If S&P 500 closes above 4,796, it would mark the end of a bear market that started in Jan 2022
- This bear market was relatively short and not very deep compared to history
- Bull markets tend to build momentum, with stocks rising 260% on average over the last 50 years
- However, potential obstacles remain like economic slowdown from Fed rate hikes or recession signals like the inverted yield curve