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Chart Talks: Is the S&P 500 bull market coming?
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FearGreed joined discussion · May 25, 2023 23:15

Late 90’s Playbook

I think the stock market has entered into a new bull market, with the bottom made in last October. It is following a late 1990’s playbook, with AI now replacing the commercialization of the internet back then. The narratives and investor enthusiasm as well as valuations all resemble what was like back then. Psychological hurdles like 4200 4300 and 4400 will be broken, perhaps after a pullback around the debt ceiling “crisis” near term. My year end target for the S&P 500 is 4500.
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    FearGreed
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