Technically speaking, the benchmark S 500 index has been in a bear market since falling more than 20% from its all-time high in 2022.

Some Wall Street analysts have already called it the beginning of a new bull market because the S 500 since climbed more than 20% from its October 2022 low point. But a consensus won't be reached until the index logs a new all-time high. Here's the good news: It only has to gain another 0.5% to get there.

With that in mind, history suggests 2024 is almost certain to be another positive year for the S 500, which would all but guarantee a new bull market by every definition. Here's why investors might want to welcome the new year with shares of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) and Advanced Micro Devices (NASDAQ: AMD).

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Source Fool.com