Posted 1/30/2024, 9:50:00 AM
S&P 500 Reaches New High, Historic Gains Point to Possible 25% Rise Through 2024
- The S&P 500 recently reached a new record high, confirming a new bull market after a 15-month bear market
- Historically, the S&P 500 has gained an average of 61.1% in the 2 years following the start of a new bull market
- Based on history, the S&P 500 could gain 25% more through October 2024
- Unique circumstances like the pandemic mean the current bull market may not follow historical trends
- Over long periods, the S&P 500 has averaged 10.1% annual returns despite bear markets and recessions