What is the Bull Market when referring to Wall Street and the stock market?

A Bull Market refers to a period in the Stock Market characterized by rising prices and investor optimism. Typically, it is defined as a time when stock prices increase by 20% or more from recent lows. Bull markets are often associated with strong economic conditions, high employment rates, and investor confidence, encouraging buying and investment. This contrasts with a Bear Market, where prices decline and pessimism prevails.