History Says the S&P 500 Could Soar This Summer, but Certain Wall Street Analysts Expect a Stock Market Correction in 2024
The S&P 500 (SNPINDEX: ^GSPC) closed higher on Friday, May 24, notching its fifth straight weekly gain. The index, a barometer for the U.S. stock market, has advanced 11% year to date, hitting more than two dozen record highs in the process. But history says that momentum will persist through the summer months of June, July, and August.
Here's what investors should know.
The S&P 500 advanced 234% over the past 10 years, compounding at 12.8% annually. During that time, the index generally produced a positive return during 11 months of the year, with September being the only exception, as shown in the chart.
Source Fool.com
