From Nasdaq:

The S&P 500 has met one key prerequisite to kick off a bull market, with a 20% surge from its bear market low. By hitting a new all-time high, a sustained bull market could be within reach.

Research on U.S. election years shows that the S&P 500 enjoyed positive returns in 19 of the 23 elections between 1928 and 2016. Momentum trading and the “big fall, big bounce” effect contribute to the likelihood that the index could continue rising for 2024.

However, no one can predict the market with certainty. But history suggests that the S&P 500 tends to rise over the long term. While a bull market in 2024 is possible, its trajectory will depend on numerous factors.

For more investment opportunities, check out 10 stock picks that analysts believe are worth considering for the upcoming year.



Read more: Is a Bull Market on the Way in 2024? Here’s What History Shows.