Markets See Modest Declines After Record Highs, But Indicators Still Point to Healthy Bull Run
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The first two days of April saw minor market declines of -0.2% and -0.7%, which were likely profit-taking after the bull run since October 2023. Overall the market fell 1% for the week.
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There were 10 ratchet shifts in the market in February, March and early April - alternating upward and downward shifts - showing systematic movement rather than random swings.
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The S&P 500 index hit new all-time highs multiple times in late March, closing at records over 5 days. There have been 22 record highs so far this year.
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Various indicators show an optimal pulse and health for the bull market to continue, potentially lasting 3 more years until 2027 in the author's view.
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Investors face challenges analyzing the shift to ratchet operations in the market and the plateau theory. More data collection and analysis of new situations is required.