Wall Street is in the midst of a debate: Did a new bull market just begin, or is there more work to be done? 

The benchmark S&P 500 index has been in a technical bear market since June 2022, when it closed 20% below its all-time high. The index has since mostly recovered, and it now trades 22% above its low point set in October 2022. That has prompted some Wall Street analysts -- including those at Bank of America Securities -- to declare the beginning of a new bull market. 

But the S&P 500 remains 7.7% below its all-time high, and another popular view is that it needs to make up that ground before the bear market is truly vanquished. Here's the good news: The average investor shouldn't worry about the semantics, because throughout history, the broader market has always fully recovered given enough time. 

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Source Fool.com