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The stock market has seen significant growth since October 2022, with major indexes showing strong gains.
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As the bull market in stocks enters its third year, investors are curious about its sustainability.
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Stock market experts believe that the rally could continue for quite some time.
The stock market hit its lowest point on October 12, 2022, marking the two-year anniversary of the ongoing bull market.
Since then, the Nasdaq 100, S&P 500, and Dow Jones Industrial Average have all experienced substantial increases of 88%, 62%, and 46%, respectively.
Factors such as a resilient job market, lower inflation, and consistent corporate earnings growth have contributed to the market’s upward trend over the past two years.
Looking ahead, experts share their insights on the future of the bull market as it enters its third year.
Freedom Capital Markets, Jay Woods
Jay Woods, Chief Global Strategist at Freedom Capital Markets, highlights the diverse leadership in the current bull market and predicts that the momentum will continue for another 12 to 18 months.
He emphasizes the importance of market rotation and believes that the party is just getting started.
Carson Group, Ryan Detrick
Ryan Detrick, Chief Market Strategist at Carson Group, considers the current bull market to be relatively young and expects further gains in the coming year.
While he doesn’t anticipate returns as high as in previous years, he foresees a positive outlook for stocks.
Baird, Ross Mayfield
Ross Mayfield, Investment Strategist at Baird, suggests that the third year of the bull market could outperform historical norms due to the underwhelming performance of the first two years.
He believes that there is still room for growth and that the market is poised for continued success.
US Bank Asset Management, Rob Haworth
Rob Haworth, Investment Strategist at US Bank Asset Management, predicts a surge in the S&P 500 in the third year of the bull market, driven by earnings growth.
He expects positive returns due to favorable economic conditions and Federal Reserve policies.
For more details, you can read the full article on Business Insider