History Says the S&P 500 Is Headed Higher in 2023 -- 2 Growth Stocks to Buy Now and Hold Forever
The S&P 500 goes up more often than it goes down. Since its inception in 1957, the index has declined in 18 calendar years, but it has increased in 47 calendar years. It was also flat once. Another noteworthy statistic is that the S&P 500 tends to rebound following a down year. Since 1957, the index has produced a median return of 20% in the year immediately following a decline.
That information hints at possibly big gains in the not-too-distant future. The S&P 500 dropped 19.4% in 2022, and it has rebounded 7.4% in 2023. But if this year falls in line with the median, the index will rise another 12.6% before the end of 2023. Of course, past events never guarantee future results, but investors should view the current environment as a buying opportunity regardless of whether the stock market rises or falls in the near term.
Here are two growth stocks to buy now and hold forever.
Source Fool.com
