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History Favors More Upside for the S&P 500 in 2024. Here's How High the Stock Market Could Soar.

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History Favors More Upside for the S&P 500 in 2024. Here's How High the Stock Market Could Soar.: https://g.foolcdn.com/editorial/images/759290/a-piggy-bank-next-to-piles-of-coins-in-ascending-order-supporting-blocks-spelling-2024.jpg

Historical data is a guiding light for investors during uncertain times. The S&P 500 (SNPINDEX: ^GSPC) index was established in 1957, so its 66 years of performance history can be helpful in predicting the stock market's next move.

For example, the S&P 500 suffered a brutal drop in 2022, but the odds were in favor of a comeback in 2023 because consecutive annual losses are incredibly rare. True to form, the index closed the year with a gain of more than 26% (including dividends).

So what does history say could happen next?

Source Fool.com

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