Rare Stock Market Signals Point to Potential Record Highs in 2024
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An "extremely rare" stock market signal recently flashed, pointing to record S&P 500 highs of over 5,400 in early 2024.
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The signal has flashed 15 times since 1972 and stocks were higher a year later 100% of the time, with 18% average gains.
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Additional bullish signs include the S&P 500's big 8.9% gain in November and the nearly 2-year stretch without new highs.
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Past times the market went a full year without new highs and then hit one, stocks rose 14.9% on average over the next year.
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Multiple rare signals are stacking up and pointing to continued stock market strength and new highs in 2024.