The S&P 500 is officially up 25%, adding 1,000 points, since...
The S&P 500 is officially up 25%, adding 1,000 points, since its low in October 2023. This has only happened 10 times dating back to 1930, according to Bank of America. The last 3 times this happened? August 2020, July 2009 and January 1999. However, the Magnificent 7 are currently *only* up 149% since the run began in December 2022. This percentage gain is lower than every "bubble" dating back to 1930 except for one. History says the Magnificent 7 aren't done yet.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.