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Evidence for a new bull market in stocks is rapidly piling up

·4 min read
Evidence for a new bull market in stocks is rapidly piling up

It’s a good way to think about how any change occurs when viewed without proper perspective. In the stock market, themes that first emerged over the second half of 2021 persisted for the first half of 2022. As stocks carved out a low in mid-June and finished the first half deeply in the red — but off the lows — there was some hope that a more sustainable bounce would be forthcoming.