S&P 500 Bull Market Turns Two, Surges Over 60% Since October 2022; Russell 2000 9% Below Historic High

The bull market for the S&P 500, officially declared in June 2023, has now reached its two-year anniversary. Since bottoming out in October 2022, the index has gained over 60% and is currently hovering near historic highs. The market's momentum is attributed to the rise of artificial intelligence and a resilient U.S. economy. However, small-cap stocks, represented by the Russell 2000 index, remain 9% below their historic highs, leading to frustration among some investors. As the bull market enters its third year, analysts are cautious, noting that historical trends suggest bull markets may struggle during this phase.