Bull Market Turns 4: Buy Highs or Wait for a Dip?

• S&P 500 bull market is expected to continue into its fifth year, with a technical target of 8000 by year-end.
• Mega-cap tech, particularly Microsoft and Nvidia, is anticipated to lead the market higher, with tech sector breadth being broad and constructive.
• Financials, including Citigroup, are seen as oversold, presenting a 'buy the dip' opportunity ahead of earnings, provided they hold key support levels.
• Narrow market breadth is noted as a warning sign but not a sell signal, while interest rate volatility and a 10-year yield above 5.32% are key risks.

Adam Turnquist, Chief Cross Asset Strategist at LPL Financial, maintains a bullish outlook for the S&P 500, targeting 8000 by year-end, driven by mega-cap tech leadership and potential broadening out. He suggests buying breakouts in tech and dips in oversold financials, while monitoring interest rate volatility and key technical levels for broader market health.