Happy bull market anniversary! The bull just turned 3 years old. Since bottoming on Oct. 12, 2022, when the S & P 500 closed 25.4% lower into a bear market following the start of the Federal Reserve's rate-hiking campaign, the index has climbed a wall of worry back to all-time highs. Passing this milestone typically bodes well for the sustainability of the advance, history shows. "Since WWII, the eight bull markets that celebrated their third year lasted a total of nearly 6.5 years, gaining an average of 213%," Sam Stovall, chief investment strategist at CFRA Research, wrote Sunday. "This bull market rose 89% through its recent peak on October 8, so from a duration and magnitude perspective, this bull likely has much further to run." .SPX 5Y mountain S & P 500, over five years According to

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