There's been chatter that we're finally in a new bull market. Yet it somehow doesn't feel like it, CNBC's Bob Pisani writes.The bears have gone into hibernation and the bulls are charging in. Or so they say.
Friday's gain gave the Nasdaq its seventh consecutive winning week, a feat not seen since November 2019. The S&P had four straight weeks of gains, but more significantly, it's up 20% from its low in October. Bank of America technical strategist Stephen Suttmeier even thinks the S&P could shoot up to 5,000 by June next year.
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