To The Moon

On Thursday, three major US stock indexes collectively closed higher. At the close, $S&P 500(.SPX)$ settled at 4293.93, rebounding 20% from its low point in October 2022, entering a technical bull market. It also signalled the ending of the longest $S&P 500(.SPX)$ bear market since the 1940s. Tech sector rally end the second longest bear market The S&P 500 index has been in bear market territory for 244 trading days, marking the longest duration since May 15, 1948. That year, the bear market lasted for 484 trading days. Historically, bear markets have an average duration of 142 trading days. S&P 500 index has risen 11.5% year-to-date, but a large portion of the gains are attributed to surges in big cap. On Thursday, $Amazon.com(AMZN)$ rose by 2.49%, $NVIDIA Corp(NVDA)$ by 2.76%, $Apple(AAPL)$ by 1.55%, and $Tesla Motors(TSLA)$ jumped 4.6% to $234.86, marking its 10th consecutive trading day of gains. According to Dow Jones Market Data, this represents Tesla's longest winning streak since January 2021, when it had an 11-day winning streak. Analysts suggest cautious approach to tech-driven gains One major challenge facing economic recovery is that the stock market is being driven up by only a small number of stocks. Excluding these big names, the index has actually performed flat so far this year. If only the five major tech stocks are rising, investors and traders may still be concerned, even with the fear of missing out (FOMO) mentality driving them to enter the market. Analysts still point out that caution is necessary, as not all bear markets are followed by sustained bull markets. CFRA's Chief Investment Strategist, Sam Stovall, noted in a report in May that historically, $S&P 500(.SPX)$ has also been affected by false signals of the end of bear markets, although the frequency is much lower compared to the tech-heavy NASDAQ Composite Index. The second question of 9th Anniversary Quiz Remember to write your answer in the comment section and repost! The third question will be released on Monday, don’t forget to follow me and join the quiz!