Business sentiment turning up which is usually bullish

Since the 70's, a significant improvement in the US business sentiment, as measured by the US NFIB Business Optimism Index, usually translated in a higher S&P500 in the following months and year. The only exception being 2021 when the pandemic put a halt to the rise in the stock market (but did recovered quickly).

I used a cross of the 12-month rate of change above 6%.

The most recent datas is showing the best improvement in business sentiment since the early 80's.

This bodes well for a continuation of the bull market in the coming months.