Using the exchange-traded fund SPDR S&P 500 ETF Trust (SPY) as a proxy, the S&P 500 has rallied more than 31% since its bottom in April. That 31% figure is important because it signals bullishness ahead. Undefeated Buy Signal At my company MoneyFlows, we’ve long thought the market’s action in 2025 nearly mirrored what happened in 2020 during the COVID pandemic. In 2020, forced selling based on panic caused an immense buying opportunity. We told anyone who would listen to buy. Once markets rose soon afte ...