Happy Birthday, Bull Market!
- S&P 500 records 110% gain since October 2022
- Bull run hits the 1,000 trading day milestone
- Market defies doomsayers in multi-year rally
- Records keep falling as optimism masks underlying economic rot
Brief Summary
Wall Street is popping champagne as the S&P 500 marks four years of relentless climbing. Since bottoming out in October 2022, the index has surged over 110%, proving that even when the economy feels like it is held together by duct tape and hope, the stock market can still defy gravity.
Why This Matters
When the market hits these historic highs, your 401(k) and retirement accounts likely look healthier on paper, providing a false sense of security while inflation continues to eat away at your actual purchasing power. While the big players on Wall Street celebrate record gains, remember that these numbers don't necessarily reflect the reality of your grocery bill or your rent. Keep an eye on these milestones, because when the music finally stops, those who ignored the warning signs are the ones who get left holding the bag.