The Stock Market Just Did Something It Hasn't Done Since 2000 -- and It's Terrifying

Since mid-October 2022, when the S&P 500 (SNPINDEX: ^GSPC) closed below $3,600, the stock market has been on an aggressive bull run. So aggressive has been the rally, so resilient and unfazed by any and every obstacle -- from tariffs to war -- that many are now left wondering how (and when) this bull market will come to an end.A few weeks ago, Michael Hartnett at Bank of America weighed in on this question with an astute observation.On the last trading day of May (May 29), 20 of the S&P 500's companies closed out at a record high, with only seven of those 20 unrelated in some capacity to artificial intelligence (AI). Hartnett, in a memo to clients, pointed out that this situation happened nearly 26 years ago, when 20 stocks hit new highs just before the internet bubble popped in March 2000. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool