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The S&P closed at a record yesterday.
Can this bull market continue?
There’s reason to believe stocks could rally another 10% this year.
Artificial Intelligence was the spark that sent stocks higher. And the market rally is now broadening out.
The stock market has been in rally mode all year.
In fact, the S&P posted gains in each of the first 3-months of the year.
That’s an extremely bullish sign.
It suggests that the S&P 500 could end the year with +20% gains.
When the S&P is up in January, February and March there is a…
- 95% chance of gains during the rest of the year
- 9.8% average gain between April – December
Here’s the data…
Here’s my advice…
Don’t fight the trend of the stock market.
The S&P 500 gained 25% in 2023.
It’s up another 10% in the first 3-months of this year. And history suggests it could jump another 10% by the end of the year.
Artificial Intelligence stocks continue to lead the market.
Ian
