The S&P 500 is currently on an impressive four-week win streak – its longest since November 2021. The benchmark index has risen nearly 17% from its mid-June low, while the tech-heavy Nasdaq is up around 23% over the same period (at this time of writing). Image credit: Bloomberg Amid the recent rally, many investors are wondering if the bear market is over, and what they should be doing now. Is it time to buy? Or is this a bear market rally where the market rises swiftly only to tumble down worse than before? Here’s what to know.
Why are US stocks rallying?
Since mid-June, the S&P 500, Nasdaq and Dow have all rebounded sharply as investors grew more optimistic that the Federal Reserve could manoeuvre a soft landing. Given the recent spate of positive economic data, it’s starting to look as if the Fed might tame inflation without...