Bull Slow but Intact
Yes, it is still a bull market. Stocks ended the week on a positive note with the Nasdaq hitting a new record high. Wednesday's pullback bounced off support at its 50-day average. The S&P 500 is challenging its March intra-day high at 2801. So we are still in bull market but with the bears pulling hard to change this 9 nine (9) year bull run.
Among the factors helping the bears:
Continued tweet fears (and real news) about the trade war. Investors fear that this could become increasingly disruptive.
Midterm elections and a shift on power that could further expand the childish bipartisan fighting and stalling doing what is right for the country.