2 FAANG Stocks Have Brilliant Wall Street Billionaires Betting Big Ahead of the Next Bull Market
Some investors define the beginning of a bull market as the point when the S&P 500 rebounds 20% from a bear market low. But other investors reserve the term for when the index reaches a new record high. The S&P 500 has already entered a bull market based on the former definition, and it sits just 6% from bull market territory based on the latter.
Regardless of whether a bull market is underway or still to come, the S&P 500 returned an average of 285% during the last five bull markets, according to data from Yardeni Research, and the next one will undoubtedly send many stocks higher. Several Wall Street billionaires with enviable track records are betting big on certain FAANG stocks ahead of the rally.
Here are the details.
Source Fool.com
