The bull market has legs that could power the S&P 500 to a peak of 9,914 in September 2027, says Bank of America. With the S&P just crossing 6,500 for the first time, that would imply a rally of about 52.5% from current levels.

Why it matters: It's an extremely bullish call after the market has already had 20 record highs this year.

By the numbers: This potential gain is based on history. • In the last 100 years, the average gain among 14 bull markets has been 177% over 59 months. • Based on that data, the S&P has more room to run, as stocks are "only" up about 80% since the October 2022 lows.

Yes, but: Of course, this is a technical indicator, looking at past performance, which is not indicative of future results. • This doesn't take into account some of the market risks we've co

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