A New Bull Market Might Be Here: 2 Unstoppable Stocks to Buy Now
Defining a bear market is relatively simple: When the benchmark S&P 500 index falls by at least 20% from its all-time high, it enters bear market territory. The road to a new bull market, on the other hand, can be a little more complex.
Last week, the S&P 500 officially closed 20% above its October 2022 low point. Some analysts on Wall Street -- including those at Bank of America Securities -- called that the official start of a new bull market. Others disagree, asserting that the S&P 500 needs to reach a new high before the bear is officially back in hibernation. The index would need to rise another 11% to satisfy that criterion.
Two things are certain, however: First, the market is now much closer to a new high than it is to its October cyclical low, and second, the semantics don't matter one bit over the long term -- historically, the S&P 500 has always recovered from bears and entered new bull markets given enough time. With that in mind, here are two stocks to buy right now that will help your portfolio in a bull market.
Source Fool.com
