2024 S&P 500 surges 21.5%, outpacing Wall Street's pessimistic recession predictions.

In 2024, the S&P 500 has surged 21.5% year-to-date, defying Wall Street's pessimistic recession predictions. The market's rise is fueled by AI advancements and strong performances from firms like Nvidia, making utilities the top sector. Historically, Wall Street forecasts have often been inaccurate, missing the mark by an average of 13.8 percentage points since 2000. Warren Buffett recommends a buy-and-hold strategy for long-term investing.

5 months ago
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