History Says the S&P 500 Could Soar in 2023 -- 2 Perfect Stocks to Buy Before the Rebound
The S&P 500 fell more than 19% last year as economic uncertainty rattled investors. The benchmark index has only produced a worse return in three years since its inception in 1957: It fell nearly 30% as gasoline shortages fueled double-digit inflation in 1974; it fell 23% as aftershocks from the dot-com crash rippled through the market in 2002; and it fell 38.5% amid the global financial crisis in 2008.
However, the S&P 500 soared in the year immediately following those drawdowns. In fact, the index produced an average return of 27.1% in 1975, 2003, and 2009. That makes one thing very clear: The S&P 500 could skyrocket in 2023. But even if that doesn't happen, investors should treat the current situation as a buying opportunity. The S&P 500 is still 14% off its high, but it will recover at some point.
For that reason, now is a perfect time to buy shares of Mastercard (NYSE: MA) and Paycom Software (NYSE: PAYC).
Source Fool.com
