Stocks Are in a Bull Market. What Does That Mean?
The S&P 500 index closed at a record on Friday, crossing above its old high-water mark, set in early 2022. The gains show that investors have overcome fears of rising interest rates and panic about a recession that had governed stock trading for much of the past two years.Instead, they’re now betting that a drop in rates will help expand corporate profits, while the economy stays on a relatively solid footing.Even though the S&P 500 had struggled to push into the record — having bumped up against it for weeks before finally crossing above with jump on Friday — the…
