Amid concerns about recessions, inflation, and rate hikes, the stock market quietly embarked on a new bull rally in June. With a 20% surge since October 2022 lows, this positive shift indicates promising signs for the market.
Despite negative headlines, the economy has shown resilience, supported by strong corporate earnings and declining oil prices. A market strategist asserts, “This new bull market shows that there is still room for growth and positive momentum.”
With falling oil prices and these promising indicators, the current bull market may sustain its upward trajectory, offering a more optimistic perspective despite ongoing challenges.
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