On June 8th, the S&P 500 Index confirmed that a new bull market had begun as the S&P Index rose exactly 20% off its bear market bottom on October 12, 2022. Both the NASDAQ Composite Index and the Aggressive Growth Fund Index (AGFI) had entered new bull market territory several weeks earlier.
The stock market offers a window of rare opportunity to make sizable gains over a short span once every seven years or so. This is one of those times. The biggest gains in any new bull market typically take place in the first 90 days of the cycle which lasts nearly five years, historically. The first 90-day gain has averaged 24% since 1970 as shown in the table below:
In our view, the meteoric rise in the first 90 days occurs because when the bull market bell rings, investors sitting with piles of cash tend to rush back into the market. The Investment Company Institute at last report on June 7th shows that investors were sitting on a record $5.46 trillion in cash.
As a distant voice amidst a backdrop of negative Wall Street forecasts throughout this year, Golden Eagle stated in February that a new bull market was unfolding. We anticipated that a major stock market recovery was underway based on our statistical indicators. Furthermore, we think it is likely that the stock market will reach an all-time high before the year is out. Once again, we urge investors to jump back in the stock market with both feet to benefit from this rare opportunity.
On June 8th, the S&P 500 Index confirmed that a new bull market had begun as the S&P Index rose exactly 20% off its bear market bottom on October 12, 2022. Both the NASDAQ Composite Index and the Aggressive Growth Fund Index (AGFI) had entered new bull market territory several weeks earlier.
The stock market offers a window of rare opportunity to make sizable gains over a short span once every seven years or so. This is one of those times. The biggest gains in any new bull market typically take place in the first 90 days of the cycle which lasts nearly five years, historically. The first 90-day gain has averaged 24% since 1970 as shown in the table below:
In our view, the meteoric rise in the first 90 days occurs because when the bull market bell rings, investors sitting with piles of cash tend to rush back into the market. The Investment Company Institute at last report on June 7th shows that investors were sitting on a record $5.46 trillion in cash.
As a distant voice amidst a backdrop of negative Wall Street forecasts throughout this year, Golden Eagle stated in February that a new bull market was unfolding. We anticipated that a major stock market recovery was underway based on our statistical indicators. Furthermore, we think it is likely that the stock market will reach an all-time high before the year is out. Once again, we urge investors to jump back in the stock market with both feet to benefit from this rare opportunity.
Manager of the Golden Eagle Growth Strategy
