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Why The S&P 500 Is Set For A Strong Second Half: 'Don't Give Up On The Bull Market Yet,' Says Analyst • After a >10% YTD gain by mid-year, the S&P 500 averages a 7.7% return in the second half. 2/2
Why The S&P 500 Is Set For A Strong Second Half: 'Don't Give Up On The Bull Market Yet,' Says Analyst • Since 1950, double-digit stock market returns in H1, led to continued positive performance in H2. • After a >10% YTD gain by mid-year, the S&P 500 averages a 7.7% return… https://t.co/redLbwHN74
July has seen the S&P 500 up 100% of the time in the past ten years - but prior to that it was a weaker month on average for first part of the millenium. The TSX has had a similar profile via @fhoro Read more: https://t.co/l383EzXYxF
Economist Neil Shearing from Capital Economics predicts that the S&P 500 could reach 7,000 by next year, driven by advancements in artificial intelligence (AI). The index recently surpassed 5,500 for the first time. Shearing's optimism is based on the potential of AI to propel the index to new heights. Additionally, there is a broader bullish sentiment with analysts projecting the index to hit 6,100 by yearend, supported by strong earnings.