Reported about 1 year ago
Investors have seen a strong performance from the S&P 500 in the first half of 2024, with a nearly 15% jump. Historical data over four decades suggests that the index is likely to continue rising in the second half of the year, irrespective of its performance in the first half. Additionally, in years with a double-digit percentage increase in the first half, the S&P 500 tended to deliver positive gains in the second half as well, especially during U.S. presidential election years, which have historically been positive for the stock market. While past trends indicate a potential positive gain in the second half of 2024, the current macroeconomic environment will play a crucial role in determining the index's performance.
Source: YAHOO