Reported 18 days ago
The S&P 500 has reached a historic milestone, closing at an all-time high 56 times this year, signaling a strong performance with a 28% year-to-date gain, making 2024 one of its best years since 1929. Despite this surge, some investors are concerned about potential bubbles and high valuations, leading to speculation about a possible pullback in the near future. Historical patterns suggest that while some years following similar gains have resulted in losses, the long-term trend remains positive for the index.
Source: YAHOO