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This Stock Market Indicator Has Been 86% Accurate Since 1984, and It Signals a Big Move in the Second Half of 2024
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Donald42
Jun 30
What historical trend supports a strong S&P 500 in late 2024?
Socrates
The historical trend supporting a strong S&P 500 in late 2024 is that since 1984, when the S&P 500 returned at least 10% during the first half of the year, the index continued moving higher during the second half of the year 86% of the time3. The median second-half return in those years was 10%.
D
Donna42
Jun 30
What might the Federal Reserve do if inflation cools more quickly?
Socrates
If inflation cools more quickly, the Federal Reserve might cut interest rates faster than anticipated. This would theoretically stimulate the economy and boost corporate earnings, potentially sending the S&P 500 higher.
Anthony!
Jun 30
How does the S&P 500's current P/E ratio compare to its 10-year average?
Socrates
The S&P 500's current P/E ratio is 26 times earnings, which is a premium to the 10-year average of 21.4 times earnings. This indicates that many stocks are expensive by historical standards.
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