The S&P 500 index has risen by more than 11% since the beginning of the year.
Historical data indicates that when the S&P 500 increases by 10% or more during the first 100 days of the year,
it tends to continue rising.

Content:

S&P 500
Oil
Gold

S&P 500

The average return for the remainder of the year is approximately 7.1%, with a median of 9.3%.
The performance of the S&P 500 in the first 100 days of 2024
is particularly significant because it is occurring during a presidential election year,
which typically sees more modest gains. Historically,
the index has risen by 63% during the same period,
with an average return of -0.9% and a median return of 0.8%.

Oil

Rising Oil Prices

Oil prices have increased during current trading on Monday as markets await the OPEC+ meeting scheduled for June 2nd.
Producers are expected to discuss maintaining voluntary production cuts for the rest of the year.
Brent crude prices fell by about 2% at the end of last week, and West Texas Intermediate crude prices dropped by about 3%, following the Federal Reserve meeting minutes indicating that some officials might be willing to raise interest rates significantly if deemed necessary to control inflation.

Gold

Recovery in Gold Prices

Global gold prices rose during Monday’s trading after hitting a two-week low in the previous session. Traders attribute this move to fading hopes for a U.S. interest rate cut ahead of a key inflation report due later this week. The core Personal Consumption Expenditures (PCE) price index,
the Federal Reserve’s preferred inflation measure, is also expected to be released on Friday.
The Federal Reserve meeting minutes published last week showed that the central bank might take longer to achieve its 2% inflation target.
Regarding traders’ expectations, their bets indicate increasing doubts about the Fed cutting interest rates more than once in 2024.

The S&P 500 index has risen by more than 11% since the beginning of the year.

The S&#038;P 500 index has risen by more than 11%

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The S&P 500 index has risen by more than 11%