Uncertainty Looms as Market Rally Divides Investors.

The S&P 500 index is on track for its fifth consecutive week of gains, its longest winning streak since the fall of 2021. Some investors have labeled this run the start of a bull market, while others warn that the recent rise could be a bear market rally. The bulls base their argument on signs of a resilient economy, cooling inflation, and a nearing end to the Fed’s cycle of interest rate increases. The bears are focused on the obstacles ahead, such as high inflation, corporate bankruptcies, and the slow slide toward greater economic turmoil.