This Stock Market Indicator Has Been 100% Accurate Since 1964. It Signals a Big Move in the 2nd Half of 2024.
The S&P 500 (SNPINDEX: ^GSPC) is widely regarded as the best barometer for the overall U.S. stock market due to its scope and diversity. The index measures the performance of 500 large companies that cover 80% of U.S. equities by market capitalization.
The S&P 500 advanced 14% during the first half of 2024, outpacing the historical average of 5%, and one stock market indicator says the index is headed even higher in the coming months. Specifically, during presidential election years involving an incumbent (a president running for reelection), the S&P 500 has always -- 100% of the time -- generated a positive return in the second half of the year.
Here's what investors need to know.
Source Fool.com
