That’s a strange place to find a bull market.
After a horrible year for Big Tech in 2022, optimism has returned as ChatGPT has made AI the it-thing in Silicon Valley.
That brought an end to the bear market that began in January 2022, since a 20% lift from recent lows is generally accepted as the definition of the start of a bull market.
However, there is no exact definition — and the current market situation is a bit more nuanced than the typical bull market-bear market binary.
The silver liningEntering a bull market lifts investor sentiment, which could propel upward momentum in markets.
Persons:
”, Sameer Samana, ChatGPT, Tesla, Matt Bartolini, It’s, Apple iPhones, Berkshire Hathaway, James Demmert, “, don’t
Organizations:
New, New York CNN, Wells, Wells Fargo Investment Institute, Big Tech, Investors, Apple, Nvidia, SPDR, Street Global Advisors, Meta, Google, Berkshire, Main, Research, Bank of America
Locations:
New York, United States, Europe, Wells Fargo, Silicon Valley, SPDR Americas, Meta, “