PREDICITING BULL AND BEAR IN S&P500
This paper seeks to investigate if factors extracted from macroeconomic and financial variables can improve the forecast accuracy of the bull and bear market in the S&P500 stock index. The study extended the models constructed by Nyberg(2012) and Chen (2009) by augmenting their model with factors. Very little, if any research has been done in modelling the bull and bear using this approach. Af