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07-03

$Tiger Brokers(TIGR)$ The S&P 500 has resumed its march higher as strong first quarter earnings numbers have helped ease investor fears about inflation and a potentially delayed Federal Reserve pivot to interest rate cuts.


In May, the S&P 500 gained 4.2% despite concerns over slowing economic growth, weakening U.S. consumer sentiment and the possibility of stagflation ahead. The S&P 500 is up 10% year-to-date as investors have shrugged off mixed economic data and now anticipate lower inflation, earnings growth acceleration and interest rate cuts in the second half of 2024.


Investors are hoping the market can continue its bullish momentum in June as the S&P 500 enters a three-month stretch that has historically been one of the best periods of the year for stocks.


Looking ahead to second quarter reports, analysts are calling for:


S&P 500 earnings to increase 9.3% compared to a year ago

S&P 500 earnings growth to accelerate in the second half of the year

Full-year S&P 500 earnings growth of 11.4% in 2024

Full-year S&P 500 revenue growth of 5% in 2024


For the remainder of the year, the S&P 500 has posted respective average and median returns of 4.9% and 6.4% after May. 

Bye H1! How Do You Plan the Next Half?
The first half of 2024 saw soaring U.S. and Hong Kong stocks. What is the progress of your annual goals? Will you forge ahead bravely or plan to revise your goals? Besides investing goals, how are other life goals going? For example, how many books have you read? How about your gym plan?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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