Bullish market signal

Wall Street veteran Milton Berg said a new buy signal has fired, and he called it the strongest bullish setup he has seen since the April 2025 market bottom. (finance.yahoo.com) Berg made the call in a Milk Road Macro episode published April 23, 2026, saying his work draws on more than 70 years of market history and roughly 30,000 proprietary indicators. Milk Road summarized the message as a signal that “just triggered” and could send the S&P 500 higher. (milkroad.com) His public argument is simple: stay long when long-term models are positive, and move to cash when they are not. On his retail site, Berg says the model is built to go long the U.S. market during major advances and switch into cash to avoid large drawdowns. (miltonbergedge.com) The call lands as recession warnings, oil-price fears, and geopolitical-risk headlines are still circulating. Berg told MarketWatch there is “no reason at all to doubt this rally” and said he does not see a recession or a Federal Reserve tightening cycle that would break the bull market. (finance.yahoo.com) That backdrop matters because U.S. stocks are already at records, not at washed-out lows. The S&P 500 and Nasdaq closed at record levels on April 22, and the S&P 500 hit fresh all-time highs again during trading on April 23 and April 24. (cnbc.com) (investopedia.com) (finance.yahoo.com) Berg is not framing this as a short-term trade around one headline. He told MarketWatch that buy signals in his work have historically lasted about 1.25 years, and he said the current batch points to a minimum S&P 500 target of 7,639.69 within a year, with a median target of 8,499. (finance.yahoo.com) He is also leaning on a track record that has gotten fresh attention this week. MarketWatch said Berg made a contrarian bull-market call in January 2023 and correctly identified the April 2025 bottom before the current run to new highs. (finance.yahoo.com) The signal is still one strategist’s model, not a market consensus. Fidelity said in an April 14 outlook that the cyclical bull market had been “bent but not broken,” while other market coverage this week tied the latest gains to earnings and a temporary easing in Middle East tensions rather than to one technical trigger. (fidelity.com) (cnbc.com) For now, the thread running through Berg’s case is that the market’s own behavior is outweighing the recession narrative. His latest message, published on April 23, is that new highs are confirming the bullish signal rather than invalidating it. (milkroad.com) (finance.yahoo.com)