S&P 500 Reaches New High of $5,000 in February 2024 Bull Run; Indicators Point to Potential Bull Market Through 2027
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The S&P 500 has seen a bullish performance so far in February 2024, overcoming bear attacks and reaching over $5,000 for the first time.
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The market's peculiar "ratchet" movements of ups and downs can be attributed to the "bull plateau" formed by vaulted securities locked at 52-week highs.
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Multiple indicators - Uptrend analysis, Trifecta Distribution Index, and Sector Diffusion Index - all show a healthy "pulse" and optimism that the bull run will continue.
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The current super bull market and great expansion are expected to last until 2027 before ending in a bear market and recession to restore business cycle chronology.
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With the Fed policy paused, the S&P 500 benchmark above 5,000 is welcomed to remain at the same level or slightly higher in the coming years through 2027.