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What is a bull market, and more importantly, who determines if we’re in one?
Technically speaking, a bull market is defined as a 20% gain in a stock market index, such as the Standard & Poor’s 500, from a closing low.
So are we in one? As of May, technically, no. The S&P 500 hit a low of 3,583 on October 10, 2022. So a 20% gain would put the S&P 500 at right about 4,300. In May, the S&P 500 was still below that level.
The chart also shows how challenging the stock market has been since October 2022. When stock prices rally higher, those gains are often met by selling pressure. So it’s easy to understand that it has been a difficult period to remain focused as an investor.
It also reminds us how important it is to “tune out the noise” and focus on what you can control, like your time horizon, risk tolerance, and goals.
Let us help
If you need help turning down the bear volume you might be hearing, reach out to one of our financial advisors for a complimentary financial review or call 1-800-279-4030.