Stocks still haven’t returned to their last peak, and our columnist is in the camp that says this isn’t a bull market yet. But he’s buying stock anyway.
The S&P 500 could end the day 20 percent above its low point last year, marking an important milestone for some market watchers. But assessing a bona fide bull market is not so simple.
Investors in the S&P 500 are highly dependent on the fate of Microsoft, Apple and other big technology stocks. A rally in March showed how this can mask turmoil in the rest of the market.