Up 15% in 2023, Is It Safe to Invest in the S&P 500 Right Now?
After a disappointing 2022, the market has had a strong recovery in 2023, with the S&P 500 index up about 15% this year. However, there has recently been a slight pullback from the rally, as the S&P 500 was up 20% this year at its peak.
So is this a buying opportunity for stocks, or is this the beginning of something worse? Let's find out.
While the market has had an excellent run, many themes may make investors concerned for the future. Take student loans, for example. In September, interest accrual will restart, and payments will kick back in October. Unfortunately, only 1% of borrowers continued to pay on their loan balance during the pause, so 99% will have to find the money in their budget to make these payments. That's a lot of money that won't go back into the economy to eat at restaurants, buy iPhones, or other things that the consumer has become accustomed to during the pause.
Source Fool.com
