A strong first 100 days suggests a strong rest of the year for the S&P 500
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Analysts at Bank of America Securities suggest that a strong first 100 days for the S&P 500 indicates a bullish rest of the year. When the S&P 500 is up 10%+ in the first 100 days, the rest of the year is strong 76% of the time, with an average return of 7.1% (9.3% median). Bank of America predicts the S&P 500 to reach 5640 to 5750 by the end of 2024. The S&P 500 being up in the first 100 days is also bullish for the rest of an election year, with the index up 93% of the time on an average return of 10.1% (SPX 5800) and a median return of 8.9% (SPX 5730). In Presidential election years, the index tends to have a summer rally, with the SPX up 75% of the time from June-August on an average return of 7.3% (SPX 5650).



https://www.investing.com/news/stock-market-news/a-strong-first-100-days-suggests-a-strong-rest-of-the-year-for-the-sp-500-432SI-3457274