Eóin Noonan / Contributor
- The S&P 500 just flashed a bullish signal that suggests the bear market is over, according to Anthony Scaramucci.
- Recent strength in the stock market has helped the S&P 500 trade above its 200-day moving average for more than 18 days.
- Prior instances of such strength have led to a continued uptrend, based on historical data.
The stock market could be on the verge of ending its bear market for good after the S&P 500 flashed a bullish signal this week, Anthony Scaramucci of SkyBridge Capital said on Wednesday.