5% S&P 500 pullback history indicates potential record-setting rebound continuation.
Stock market's record-setting rebound may continue, as history suggests stocks tend to build momentum after similar-sized pullbacks. The S&P 500, up 11% YTD, has seen a median gain of 17.4% following 5% pullbacks. Amid a cooling economy, recent signs of reduced inflation have helped major US stock indexes reach record highs. Market strategists expect further gains if the current bounce aligns with past patterns.
May 17, 2024
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