S&P 500 Sectors

Market Call: Bulls Gaining Ground In Tug-of-War With Bears

The bulls continue to gain ground in our tug-of-war with the bears. Consider the following: (1) The S&P 500 is now up 23.3% since October 12 to 4425.84 through last Thursday. That was the highest level since April 20, 2022. It was only 7.7% below the January 3, 2022 record high. (2) Measures of breadth are improving. The percentage of S&P 500 companies