Bull market confirmed: What it means for investors.

The S&P 500 has entered a bull market, rising 20% or more from its most recent low on Oct. 13, 2022. The market has rallied due to the economy's resilience and easing inflation. However, the Fed is expected to continue hiking interest rates, which could pressure the economy and industries such as banking and manufacturing. The gains in the S&P 500 have been driven by a small group of stocks, which some say is unsustainable. Bull markets typically last nearly 5 years, with the longest lasting almost 11 years. The previous bull market started on March 23, 2020, and lasted about 21 months. The bear market that preceded the current bull market lasted about nine months and saw a drop of 25.4%.