Published on 23 Jan 2023 on Zacks via Yahoo Finance
There is no specific indicator or warning that tells investors when the direction of the market is about to change or has already changed. On Wall Street, “no one rings a bell” when the trend changes from a bull market to bear market and vice versa. For this reason, it is essential that investors monitor the market regularly, do their best to put the pieces of the puzzle together, and can make decisions based on incomplete information.
Today we will cover 5 charts that show we are on the tipping point of entering a bull market:
Spdr S&P 500 Index SPY: The S&P 500 Index is the broadest method U.S. investors have for following markets. Included in the index is 500 large companies such as Apple AAPL, ExxonMobil XOM, Tesla TSLA, and Johnson and Johnson JNJ. As of late 2022, the index had a market cap of $34 trillion.