Bullish Market Moves Defy Expectations and Drive Insider Buying.

The stock market has been trending higher this year, defying the consensus prediction of a rough first half. Wall Street strategists have revised up their year-end price targets for the S&P 500, reflecting the bullish market moves. Consumer spending remains resilient, household net worth is rising, and consumers have excess savings. While recession risks are elevated, the financial health of consumers and businesses remains strong, making it unlikely that any downturn will turn into economic calamity. Long-term investors should remember that recessions and bear markets are part of the deal when aiming for long-term returns in the stock market.