The S&P 500 Is About to Do Something It's Only Done Twice in the Last 50 Years. History Says This Is What Happens Next.

Wall Street began the year cautious about 2024, with the consensus calling for flat annual returns at this time last year. That turned out to be dead wrong, and the S&P 500 (SNPINDEX: ^GSPC) is now on track to deliver one of its best years in modern history. Through Dec. 20, the broad market index is up 23% and recently topped 6,000 for the first time.On a two-year basis, the index is also on track for a phenomenal bounce, up 52.8% since the start of 2023. That period has coincided with the artificial intelligence (AI) boom, beginning shortly after the launch of OpenAI's ChatGPT on Nov. 30, 2022. Barring an end-of-the-year crash, which seems unlikely, the S&P 500 will finish the two-year period with a gain of more than 50%. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool