On Sunday, the bull market that began in October 2022 will officially blow out the candles on its third birthday cake.

So far, the gains have shown no sign of slowing down. Since the rally began, U.S. stocks have powered higher with few interruptions. In April, an abrupt tariff-inspired selloff nearly brought the bull run to an end — with the S&P 500

SPX falling by roughly 19% from a record closing high on Feb. 19, bringing the large-cap index to the edge of a bear market.