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The strongest stock market rally since 1985: Experts expect record profits for the S&P 500 and Dow Jones.
According to a report from www.businessinsider.de, the stock market rally is on track to be the strongest since 1985. The S&P 500, Nasdaq 100 and Dow Jones have each gained nine weeks in a row, which last happened in 1985 when the S&P 500 and Nasdaq 100 had an 11-week winning streak. The rally continues as the S&P 500 and Nasdaq 100 needed to close above 4,754 and 16,777 points respectively on Friday for the weekly winning streak to continue. The current gains are due to the continued decline in inflation, solid third quarter earnings and a wait-and-see attitude from the Federal...
The strongest stock market rally since 1985: Experts expect record profits for the S&P 500 and Dow Jones.
According to a report by www.businessinsider.de, the stock market rally is on track to be the strongest since 1985. The S&P 500, Nasdaq 100 and Dow Jones have each gained nine weeks in a row, which last happened in 1985 when the S&P 500 and Nasdaq 100 had an 11-week winning streak.
The rally continues as the S&P 500 and Nasdaq 100 needed to close above 4,754 and 16,777 points respectively on Friday for the weekly winning streak to continue. The current gains are due to continued declines in inflation, solid third-quarter earnings and a wait-and-see approach from the Federal Reserve.
According to Fundstrat's Tom Lee, further gains are likely in early 2024. He predicts that the S&P 500 will soon reach an all-time high.
This positive development on the stock market can have a positive impact on general confidence in the economic situation and could also influence investors' investment behavior. However, it is important to note that stock market developments are always influenced by various factors and are therefore not completely predictable.
Read the source article at www.businessinsider.de