A strong first 100 days suggests a strong rest of the year for the S&P 500
Analysts at Bank of America Securities said in a note Friday that the S&P 500's strong first 100 days paves the way for a bullish rest of the year.
"Success breeds success. May 23 was the 100 trading day of 2024, and the S&P 500 has rallied 10.4% YTD," declared the bank. BofA notes that the S&P 500 being up first 100 days is also bullish for the rest of an election year. "In Presidential election years, the SPX is up 75% of the time from June-August on an average return of 7.3% ."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nasdaq 100 and S&P 500 Drop Back as Hang Seng Continues to RallyUS indices are struggling in the wake of Meta’s earnings last night, but the Hang Seng is showing fresh strength.
Read more »
FTSE 100 hits yet another record high while DAX 40 and S&P 500 resume their ascentsOutlook on FTSE 100, DAX 40 and S&P 500 amid strong US earnings.
Read more »
FTSE 100 hits yet another record high while DAX 40 and S&P 500 continue their ascentsOutlook on FTSE 100, DAX 40 and S&P 500 ahead of FOMC and Non-Farm Payrolls.
Read more »
6G speeds hit 100 Gbps in new test — 500 times faster than average 5G cellphonesKeumars is the technology editor at Live Science. He has written for a variety of publications including ITPro, The Week Digital, ComputerActive, The Independent, The Observer, Metro and TechRadar Pro. He has worked as a technology journalist for more than five years, having previously held the role of features editor with ITPro.
Read more »
Shohei Ohtani becomes 2nd pitcher to strike out 500 batters and hit 100 home runsToday in Sports, May 3 - Shohei Ohtani becomes 2nd pitcher to strike out 500 batters and hit 100 home runs
Read more »
FTSE 100 on Track for yet Another Record High while Dow and S&P 500 RecoverOutlook on FTSE 100, DOW and S&P 500 ahead of US Non-Farm Payrolls.
Read more »