After coming within just 0.3% of setting a new record high, the S&P 500 index has pulled back early in 2024 trading. On the other hand, the benchmark index is still down just 2% from its peak -- and there are catalysts on the horizon that suggest that the market could enter a new bull market this year.

Regardless of whether 2024 brings the start of the next big rally, history suggests there's another strong bullish phase on the horizon. And investors who back top growth stocks stand to see very strong returns when positive momentum continues past the market's previous peak.

If you're looking to position your portfolio to profit on the next bull rally, read on to see why Palantir (NYSE: PLTR) and Paycom (NYSE: PAYC) have the potential to be big long-term winners.

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Source Fool.com