Market Analysis: S&P-500 Has Officially Ended the Bear Market


As of yesterday's trading session, the S&P 500 rose above 20% from the October 2022 low, a common trigger to believe that the bear market is over. By the way, according to Barron's, the decline lasted 248 trading days and was the longest since 1948.

To a large extent, the rise in the S&P 500 index, which ended the bear market, was due to the AI-related boom:

→ NVDA's share price is up about 170%.
→ META's share price is up about 110%.
→ MSFT's share price is up about 40%.

We also draw your attention to the action of the TSLA share price. It has risen by 115% since the beginning of the year, the bulls are approaching the upper limit (1) of the descending channel, which has been in effect since the fall of 2021. Also, the price of TSLA is fixed above the level of USD 215 per share, which previously served as both important resistance and support.

The bullish momentum this week was helped by the information that Tesla sent out a document to its partners, which reported the planned production volume of Cybertrack in the amount of 375k units per year — more than previously expected by Wall Street analysts. The expected product may go on sale at the end of the Q3.

In premarket trading, TSLA's share price hit USD 245 today, although the WSJ survey puts the average TSLA price predicted by analysts at the end of 2023 at around USD 200. This discrepancy can be taken as an argument that the market is overheating and suggesting that TSLA's share price is vulnerable to a pullback.

Buy and sell stocks of the world's biggest publicly-listed companies with CFDs on FXOpen’s trading platform. Open your FXOpen account now or learn more about trading share CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Latest from Shares

AAPL Share Price Rises Nearly 1% after Scrapping Electric Vehicle Plans AMZN Share Price Hits 25-Month High After Inclusion in DJIA Index NVDA Share Price Soars 11% after Report TSLA Share Price Rises Sharply amid News of Musk's Increased Stake in the Company AMZN Share Price Rises Nearly 8% after Report

Latest articles

Financial Market News

Weekly Market Wrap With Gary Thomson: CAC 40, AUD, OIL, AMAZON

Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of  FXOpen UK, as he breaks down the most significant news reports and shares his expert insights. European Stock Markets on


Price of Gold Briefly Exceeded $2,050 per Ounce

In addition to new records in the stock markets, the reaction to yesterday's news about inflation in the US was also a decrease in government bond yields and a rapid rise in the price of gold — the cost of XAU/


Nasdaq-100 Price Hits All-time High after 4 Straight Months of Gains

The Nasdaq-100 index is holding above 18,000 today following yesterday's bullish momentum, fueled by inflation news. The PCE consumer spending index amounted to 0.4% on a monthly basis, which was in line with analysts' expectations. A year ago,

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.