17.12.2024 10:55:00
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The Stock Market Has Only Seen 4 Periods Like This in 100 Years -- and History Couldn't Be Less Clear About What Happens Next
The stock market is headed for another superb year in 2024. The broader benchmark S&P 500 is above 6,000 and up more than 27% this year (as of Dec. 16). High-growth tech stocks specifically in the artificial intelligence (AI) space have fueled the bull market with seemingly no end in sight as market strategists continue to lift their price targets for the S&P 500 in 2025.The end of the rising interest rate environment has also aided the bulls, as lower interest rates typically usher in stock buying, and the economy still appears to be strong. Things are so good that the market is on the cusp of doing something in 2024 that has only happened in four time periods over the last 100 years -- and history couldn't be less clear about what happens next.The S&P 500 is not only set to have a great year in 2024; it's coming off an excellent year in 2023 when the index increased over 24%. Together, that means the stock market is up over 58% in the past two years. Remember, the market historically has generated annual gains of around 10%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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