To The Moon

Last Thursday, three major indexes collectively rose. $S&P 500(.SPX)$ has accumulated a gain of over 20% from its low point in October, entering a technical bull market.

The upward trend continued on Monday, with the U.S. stock market opening higher as the $NASDAQ(.IXIC)$ led the way. $S&P 500(.SPX)$ returned to 4300 points, closing up 0.93% and reaching a 13-month high. $DJIA(.DJI)$ rose 0.56% for the fifth consecutive day, surpassing the 34,000 level.

As for individual stocks, $Tesla Motors(TSLA)$ saw a 12-day consecutive gains, while $Apple(AAPL)$ rose over 1.5%, closing at $183.79, a new all-time high.

Although there are still negative factors present, the S&P 500 has still presented a bull market, and Wall Street has differing opinions on this.

Mixed opinions on this bull market

Representing the optimistic camp, Goldman Sachs believes that

as other industries catch up with the rising trend of technology stocks, it will drive the S&P 500 to continue soaring.

Goldman Sachs analyst David Kostin has projected that the S&P 500 will reach 4500 points by the end of 2023.

On the other hand, the pessimistic camp believes that

this bull market is concentrated in a few individual stocks, and the valuations of these stocks have already become too high, with insufficient follow-through momentum after this round of rebound.

Michael Wilson, the strategist from Morgan Stanley, cites the bear market of the 1940s, where the S&P 500 fell to new lows after a 24% rise. He believes that

with tightening liquidity, the possible pause in interest rate hikes in June may bring an "ironic turn" to the current upward trend. It is predicted that the returns of S&P 500 index constituents this year will decline by 16%, and a significant recovery will not occur until 2024.

Some people call this bull market a "long bull market," while others say it "won't last."

What is your perspective? And how will the upcoming Fed interest rate hikes impact the market? What strategies and plans do you have?

The fourth question of 9th Anniversary Quiz

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