Stocks have surged to record highs this year on the back of an unexpectedly resilient U.S. economy and a euphoric AI boom. Defying Wall Street’s already buoyant—and still rising—forecasts, the S&P 500 has soared more than 15% year to date, while the tech-heavy Nasdaq has spiked roughly 20% as Big Tech continues to get bigger.
Analysts are scrambling to keep up with the market, with a top bear even turning bullish. But while this epic first-half market surge and increasingly lofty valuations have led some to fear a correction could be on the way, Bank of America doesn’t yet see enough of the 10 classic signs of a bull market peak.
