The S&P 500 rose 0.65% on Tuesday, marking the highest close for the S&P 500 since April 2022.

The S&P 500’s climb of more than 20% off October’s bear-market low means we’re in a new bull market. Stock market history would suggest more gains will follow over the next year, though a potential recession could create quite a detour. On top of a likely additional rate hike, the S&P 500 also will have to withstand the contrary tide of Federal Reserve quantitative tightening and a surge in Treasury issuance.

Be sure to read IBD’s The Big Picture every day to stay in sync with the market direction and what it means for your trading decisions.


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