Two the Point — Breaking New Ground: The S&P 500 Hits New Highs

The S&P 500 has shattered its previous record, signifying a robust market upswing. Dive into the data-driven key takeaways:

  • Record Achievement: The S&P 500 reached an all-time high on January 19, concluding its 512-day streak without a record close—the seventh-longest streak since the index’s inception.

  • Historical Comparisons: This breakthrough compares favorably with past streaks, showing a pattern of strong market rallies following such prolonged periods without new highs.

  • Above-Average Gains: Post-recovery periods historically see the S&P 500 outperform long-term averages, with median gains of 13.30% 12 months after reclaiming highs.

  • Earnings Season Watch: The initiation of Q4 earnings reports and their 2024 outlook are under scrutiny, influencing future market trends.

  • Consumer Sentiment Surge: Consumer confidence has soared to a peak not seen since July 2021, suggesting a solid foundation for continued economic expansion.

  • Strategic Implications: These indicators may inform investment strategies, presenting a chance to capitalize on the current dislocations.

 

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