Is now the time to go all in? Major indexes like the Nasdaq 100 and S&P 500 soared after a very positive November PPI report that indicated that producer prices have reduced. This and the dovish Federal Reserve suggest the end of interest rate hikes and a rate cut of up to 75 basis points by next year. This has energized the market, pushing the Dow Jones Index to reach record peaks and multimonth highs for both the S&P 500 and the Nasdaq 100.
This positive change in the market narrative may be the best time to pick up quality companies trading at attractive price levels before the shoot back up. In fact, if you're wondering if we are in a bull market, we are close! By many definitions, the S&P 500 will return to a “bull market” once it closes above its record high of 4796.56.
