The S&P 500’s Record Gains: How Long Can the Bull Market Last?
Source: tradingview.com 2024 is set to close with another historic milestone for the S&P 500 , with annual returns currently around 23%. Early forecasts predicted a flat market, but these projections have been repeatedly revised upwards throughout the year as the market consistently outperformed, delivering even greater returns. Despite geopolitical shocks from the Russian-Ukrainian conflict, turmoil in the Middle East , the U.S. presidential election, and declining interest rates, a robust labor market and inflation dropping below the most optimistic forecasts have fueled this impressive rally, which may still have room to grow. David Kostin, Chief U.S. Equity Strategist at Goldman Sachs Group Inc., expects that the index could reach an all-time high of 6,000 points by year’s end, with a 12-month target of 6,300 points. Kostin also recently released a report cautioning that, following such S&P 500 record gains, the market could enter a prolonged period of st...