Reported about 1 year ago
In the first half of 2024, stocks showed positive momentum with the S&P 500 gaining 14.5% and the Nasdaq Composite rising by 18%. Historical data indicates that July tends to favor the bulls, with the Nasdaq closing green in 10 out of the past 11 Julys. Looking back to 1928, whenever the S&P 500 had a strong start to the year with over 10% gains by mid-year, the full-year average gain was 24%. Despite historical seasonality patterns guiding market trends, unexpected catalysts can always impact stock returns significantly.
Source: YAHOO