The 2-year-old bull market has just done something that shows it has further to run. Today, Saturday, October 12 marks the two-year anniversary of the current bull market. Since hitting its cycle bottom on Oct. 12, 2022, the S&P 500 SPX is up nearly 62%.1 day ago! The S&P expected to hit 6000!
We have continued to call this Bull Market in our stock market newsletter since its beginning. In spite of all the Gloom and Doomers, we continue to be bullish.
This goldilocks economy continues. Employment reports show over 245,000 added to the roles. Inflation down to 2.2%, Two more cuts from the U.S. Federal Reserve expected in November and December. Good CPI and PPI reports. What’s not to like!