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BofA's Technical Analyst Stephen Suttmeier expects the current bull market to drive the S&P 500 way higher. In April the S&P 500 will enter the 11th year of its secular bull market signaled on the April 2013 breakout above the 2000 and 2007 peaks, Suttmeier says. The secular bull… https://t.co/Wfp1y9GXyj
The S&P 500 has been higher in Jan, Feb, and March 20 times since 1950. This yr will be number 21. The rest of the year (final 9 months) was higher 19 times and the avg return was much better as well. 🐂💪 https://t.co/cypEOXNZOO
S&P 500 is +150% in 4 years since Covid low, +25% in 5 months, yet just +9% from Jan 2022. Valuations? High, but were higher recently. Sentiment? It’s nuanced. A bull market “ahead of itself” or just starting to roll? My @CNBCPro column, free to read. https://t.co/bZJoSUkExu
Recent surveys show a significant increase in bullish sentiment among investors, with over 60% Bulls compared to 25% in October 2022. The S&P 500 has also seen substantial growth, rising above 5,200 from under 3,600. Analysts debate whether the market is 'ahead of itself' or just starting to gain momentum.
