$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ Bullish 

Hold on to your kopi-O, folks, because it's time to talk about the bull run that's been galloping through the stock market!

Now, officially, the bull run started recently. Unofficially, it's been going strong since last October, which makes it feel like we've been riding this bull for ages. The Nasdaq has been on a wild rally, soaring up by a whopping 38% from its lows. And the S&P hasn't been slacking either, with its own impressive rally that took it above 4400 before pulling back to 4300, probably just to catch its breath.

But the big question on everyone's minds is: how long can this bull run last? Well, if we consult the charts and technical indicators, they all seem to be flashing bullish signals. The RSI is showing overbought signs, but hey, in a bull run, the RSI could be overextended for a period of time.

Looking ahead to the rest of 2023, I'm putting my money on the bull to keep charging ahead. Just the other day, our buddy J.powell mentioned there will be 2 more rate hikes. And you know what? The markets are already pricing that in. So, expect the tech stocks to dip by around 5%, and the FAANG stocks to fall a bit less because these companies have loads of cash, so they're deemed less risky, actually people might deem the FAANG stocks to be a safe haven and more money will flow there. As for the S&P, a pullback of less than 3% is on the menu. Anything more than that, and it's time to declare it oversold. By the way, yesterday's S&P pullback was a mere 0.52%. Talk about a hiccup!

But fret not, my friends, because even with yesterday's little blip, the long-term outlook is still as bullish as ever. Here's why:

1. Inflation is likely to keep falling, and when that happens, stocks tend to rally. So, let's hope inflation takes a dive and brings our stock market to new heights.

2. We're in the midst of an AI mania! People are going gaga over artificial intelligence, and that's pushing tech stocks up, up, and away!

3. There's still loads of money in bonds, my friends. But if inflation continues to fall and interest rates take a breather or even drop, we can expect some of that cash to flow from the bond market into equities. It's like a river of money, and we're all just waiting for the floodgates to open.

4. Surprise, surprise! A recession in the US might actually have a positive effect on the economy. It could cool things down and bring inflation back to the targeted 2%. Who knew a recession could be a good thing? Well, at least for the stock market, that is.

Of course, all of this is provided that we don't get hit with any black swan events. I mean, who wants a surprise when you're riding a bull, right? So, as long as no crazy curveballs come our way, I believe the S&P is gearing up for a rally that'll take it to the heights of 4600 or even 4700! Get ready to hold on tight, because this bull ain't stopping anytime soon.