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US Stocks Poised for Unprecedented Back-to-Back Gains Over 20%

share-iconTuesday, December 31 comment-icon3 weeks ago 5 views
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US Stocks Poised for Unprecedented Back-to-Back Gains Over 20%

Credited from: CNN

  • The S&P 500 is projected to gain over 20% this year, achieving remarkable back-to-back gains not seen since the late 1990s.
  • The index has risen by 24% in 2023, with additional significant increases driven by strong tech performance and investor confidence.
  • Inflation has cooled, and strong consumer spending, along with a robust job market, has contributed to a positive market outlook.
  • Major tech stocks, termed the "Magnificent Seven," have accounted for over 50% of the S&P 500’s total returns, showcasing their vital role in the market.
  • Amid expectations for continued growth into 2025, analysts caution about potential overvaluation and geopolitical risks, which could trigger market volatility.

Read more at CNN.

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Stocks S&p 500 Year-end review Market performance Interest rates Tech growth
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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