The S&P 500 rose 0.65% on Tuesday, marking the highest close for the S&P 500 since April 2022.

The S&P 500’s rise of more than 20% from the October bear market low means we are in a new bull market. Stock market history suggests further gains will follow over the next year, although a potential recession could create a significant detour. In addition to a likely further rate hike, the S&P 500 will also have to weather a headwind of quantitative tightening from the Federal Reserve and increased Treasury issuance.

Be sure to read IBD’s The Big Picture every day to stay in tune with the direction of the market and what it means for your trading decisions.


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