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History Suggests the S&P 500 Could Soar in 2023. Here's the Stock to Buy Now

TheMotleyFool

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History Suggests the S&P 500 Could Soar in 2023. Here's the Stock to Buy Now: https://g.foolcdn.com/editorial/images/716678/a-digital-rendering-of-a-computer-chip-being-plugged-into-a-circuit-board.jpg

The S&P 500 index is the widely followed benchmark on Wall Street because it hosts 500 of the largest companies listed in the U.S. that operate in a diverse variety of industries. It had a rough 2022, declining by 19.4% and ending the year in bear territory.

But consecutive down years are relatively rare. Going back to 1926, the S&P 500 has only declined two (or more) years in a row on four occasions, and each instance was triggered by a significant economic or political shock.

Consecutive Losing Years for the S&P 500

Source Fool.com

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