The bull market is about to turn two. Here's what's needed for further gains ahead

The S & P 500 is up about 60% since hitting a bear market low in October 2022, boosted by easing inflation and excitement around artificial intelligence. The broad market index has also reached a record above 5,700 — with some on the Street expecting it to top 6,000 before year-end. The bull market will be two later this month. If the current bull gain stands through Oct.

The second element needed for the bull run to carry on is a successful soft landing. The Fed cut rates by a half percentage point last month, as it balances easing inflation and some wobbling in the labor market. As of right now, "recession risks are low over the near term. Moderating growth should allow the Fed to continue to cut rates at a deliberate pace," Clissold said. Lastly, Clissold said earnings growth needs to stay strong.

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