What conclusions should we draw from a high-flying first quarter?
Investors are feeling optimistic about 2024.
With the S&P 500 closing its fifth straight month of gains, it's clear that the bull market has legs. (6)
We can also see that the rally is broadening beyond a small number of technology stocks as investors build confidence in the economy. (7)
Broader confidence in company growth potential is great news for investors as it makes the rally less vulnerable to the individual fortunes of a few high-flying stocks.