SPX Bear Market Rally Sets New Record for Longest Duration

The current bear market rally has now become the longest in history, surpassing the previous record of 7.2 months. However, there are time and price limits to bear market rallies, and the current rally may have passed its time limit, suggesting that it's no longer a bear market rally and we're no longer in a bear market. While many believe it's the start of a new bull market, the author suggests it's a mini bull market that will lift the S&P 500 back up to its previous high of 4,800 before it turns down again.