Morgan Stanley’s Chief Information Officer (CIO) believes that the market downturn in April signifies the end of the previous bear market, and a new bull market has begun. The CIO points out that this period marks approximately four months of sustained upward movement for the market. According to the CIO, shallow pullbacks during bull markets present limited opportunities for investors to buy in. Historically, bull markets tend to last at least one to two years, with the current trend indicating just the beginning. This outlook applies not only to traditional stock markets but also to the cryptocurrency market, where institutional and sovereign funds are driving investments towards core assets like Bitcoin and Ethereum. If historical trends continue, this could be the start of a major crypto bull market.