Bull Market
A sustained period of rising prices, typically defined as a 20%+ gain from a recent low. Optimism and buying pressure dominate.
A bull market is a sustained upward trend in asset prices. The conventional definition is a rise of 20% or more from a recent trough, sustained over at least two months. Bulls are optimistic — they expect prices to keep climbing.
Bull markets are driven by strong economic growth, rising corporate earnings, low unemployment, and investor confidence. They can last years: the US equities bull market from 2009 to 2020 ran for about 11 years.
Not every rally is a bull market. A short-term bounce within a downtrend is a bear market rally. True bull markets see broad participation across sectors and rising volume.