A Bull Market Is Coming: 2 Growth Stocks to Buy Hand Over Fist
In June 2022, the benchmark S&P 500 stock market index officially closed 20% below its all-time high. The majority of Wall Street analysts agreed that moment marked the technical beginning of a bear market, and stocks continued to fall until October.
But the S&P 500 is now trading more than 20% above that October low point, which has led some analysts to declare the beginning of a new bull market. There is plenty of disagreement, because other investment professionals believe the index needs to reclaim its previous all-time high in order to officially be in bull territory.
If you're a long-term investor, the official classification of the broader market shouldn't matter, because history is proof the S&P 500 always reaches new heights given enough time. It's more important to focus on buying shares in quality businesses with strong growth potential, with the intention of holding on for at least five years. An official bull market is almost certain to occur within that time frame.
Source Fool.com
