Everyone seems to celebrate a new bull market

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earth_imperator

"The S&P 500 officially entered bull market territory on Thursday after the longest bear run since 1948" :

https://finance.yahoo.com/news/the-...-history-says-will-happen-next-114424541.html
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The S&P 500 has entered a bull market. Here's what history says will happen next
Recession fears fading on Wall Street
Josh Schafer, Reporter, Sat, June 10, 2023 at 1:44 PM GMT

The S&P 500 closed up more than 20% from its October lows on Thursday, marking the start of a new bull market.

At 248 trading days, the recent run back to a bull market was the longest bear run for the S&P since 1948. The resilient rise of the benchmark index came amid the most aggressive Federal Reserve rate hike campaign in four decades, regional banking turmoil and incessant recession worries that haven't fully materialized.

Research from Bank of America indicates the S&P 500 rises 92% of the time in the 12 months following the start of a bull market, compared to the historical 75% average over any 12 month period dating back to the 1950s.

"We are back in bull territory, which might be part of what it takes to get investors enthusiastic about equities again," Savita Subramanian and the equity strategy team at Bank of America Global Research wrote in a note on Friday.

[...]
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Caution: BofA says so... :)

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It's basically been a bull market since last summer ( October was basically a retest of previous lows ). I called it in the fall that 2023 would be the year of 'changing narratives' because the mid to late 2022 narratives were far too extreme on the bearish side. It's also too late to be issuing more bullish opinions after scaring off many investors and traders ( especially millennials according to stats ) from participating in the rebound since October. Not too late to play oversold value stocks and maybe small caps, but I wouldn't be chasing QQQ at this point.

Canada raised interest rates again because 3.1% growth first quarter was far in excess of expectations ( a recession by early summer 2023 ). 95% of what the financial media was saying for the last 9-12 months was dead wrong ( like many day traders posting on here ).

My forecast for the SPX in 2023 ( posted in 2022 ) was +10%. When I posted it several people were saying 20-40% more downside coming in 2023. If anything I might end up being low but I'm sure some thought it was an overly bullish opinion at the time.
 
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Everyone seems to celebrate a new bull market

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Not many people celebrate a new bull market


The day range is decaying and hence no good for day trading.
 
Nine_Ender said:
It's basically been a bull market since last summer ( October was basically a retest of previous lows ). Not too late to play oversold value stocks and maybe small caps, but I wouldn't be chasing QQQ at this point.

Canada raised interest rates again because 3.1% growth first quarter was far in excess of expectations ( a recession by early summer 2023 ). 95% of what the financial media was saying for the last 9-12 months was dead wrong ( like many day traders posting on here ).

My forecast for the SPX in 2023 ( posted in 2022 ) was +10%. When I posted it several people were saying 20-40% more downside coming in 2023. If anything I might end up being low but I'm sure some thought it was an overly bullish opinion at the time.
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Exactly;
except SSO[spy x2] is almost 27.27% YTD, so SPY is half that.
NOT a prediction, not afraid of impeachment, looks like SPY/SPX could easy do 20%/SSO 40%/2023.
Like the songs says\ WAVE After Wave/pat Green Motown Records.>22,000,0o0 ,video views.:D:D
 
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