Stock-market bulls are in the driver’s seat ahead of a busy stretch that features key economic data and the Federal Reserve’s next interest-rate decision.
The S&P 500 entered a new bull market last week after rising more than 20% from its October low. The bear market, which lasted 248 trading days, was the index’s longest since 1948, according to Dow Jones Market Data. It is up 13% in 2023.
Below the surface, there are encouraging signs the rally has legs, even though few investors had much confidence in it until recently. Investor sentiment rose last week to the highest level in a year and a half. Market breadth, or the number of stocks participating in the rally, has finally widened beyond shares of big technology companies.
Read the full story on The Wall Street Journal here.