Did AI Just Kill the Bear Market?
Depending on who you listen to, the bear market may already be over.
All three major indexes are now more than 20% above their bottoms, signaling a new bull market (according to some definitions), and several media outlets have declared that a new bull market was underway when the S 500 recently rose more than 20% from its nadir last fall. Other analysts are waiting for the S 500 to also hit a new all-time high before saying a bull is underway.
There's no single explanation for the market's latest comeback. Inflation has eased while the economy remains stable, and unemployment is still low. The Federal Reserve paused interest rate hikes in its last meeting, a sign that interest rates are unlikely to go much higher, which is also encouraging investors to bet on a recovery. Overall, the economy seems to be in a better position than it was six months ago.
Source Fool.com
