According to Yicai on October 15, two years ago, as the Federal Reserve ended the aggressive rate hike of 75 basis points, the U.S. stock market completed its adjustment and began a new round of upward trend. The explosive development of the AI industry and the expected changes in mmf policy have fueled investors' enthusiasm, with the s&p 500 index crossing the 5800 mark for the first time. Now, this bull market has entered its third year. Despite many changes in the macro and economic environment, the market shows no signs of slowing down. Last Saturday, the U.S. stock market celebrated its two-year bull market anniversary. Since hitting a cyclical bottom on October 12, 2022, the s&p 500 index has risen by nearly 62%. Since 2024, the index has accumulated an increase of over 22%, setting 46 closing record highs. Data from the Dow Jones market shows that if the gains can be maintained until the end of December, it will mark the second consecutive year of a 20% or more increase for the index, the first time since 1998. Against the backdrop of the Fed beginning a rate cut cycle, strong economic data, and rising profit expectations, Wall Street has recently been raising its target levels. Goldman Sachs technical strategist Scott Rubner said he is very bullish on the U.S. stock market. He is now concerned that the levels set previously were too low, predicting a significant rise in the s&p 500 index in November and December this year, pushing the index above 6000 by the end of 2024. Ryan Detrick, chief market strategist at Carson Group, believes the bull market is still young. "That's right, historically, a two-year bull market still has a long way to go. The average bull market since 1950 has lasted over five years with gains exceeding 180%."