From Investing.com: 2024-05-26 14:14:43

The S&P 500 is up over 11% YTD, with major Wall Street firms increasing price targets. Historical data shows a 10% early-year increase typically leads to further gains, with a 7.1% average return. Despite being a Presidential election year, the S&P 500 has seen a 10.4% YTD gain, the second-best since 1928. When the S&P 500 rises early in election years, it tends to continue upwards, with an average return of 10.1%. This could lead to a year-end target of 5800 for the S&P 500.



Read more at Investing.com: This indicator suggests the S&P 500 could hit 5800 by end of 2024 By Investing.com