S&P 500 Confirms New Bull Market with Big Tech Stocks Powering Gains
• S&P 500 index recently confirmed a new bull market, with 35% gain since October 2022 • Bull markets historically last 85% of the time, with S&P 500 gaining 260% on average • Momentum often continues after new highs - 13 of 14 times saw gains over next 12 months • Big tech stocks like Microsoft and Nvidia have powered much of the recent rally • Investors betting on stronger profit growth in 2024, with 10.9% earnings increase forecast