Record High in S&P 500 Points to Double-Digit Gains in 2024

S&P 500 Record Highs Point Toward Strong Gains in 2024: Ned Davis Research

The S&P 500, one of the most closely watched stock market indices, is poised for another strong year of gains in 2024 if it hits a new all-time high, according to research from Ned Davis Research. The investment firm analyzed historical data and found that in years when the S&P 500 reaches a record high, the median gain for the year is approximately 15%. This statistic suggests that the stock market’s performance tends to be positively correlated with record highs.