WikipediaThe S&P 500 is on track to hit the 5,000 level by 2024 based on prior secular bull markets, according to Bank of America.The bank compared the current bull market that began in 2013 to secular bull markets in the 1950s and 1980s.The presidential cycle should serve as a tailwind for stocks into the middle of 2024, BofA said.The S&P 500 is on track to hit the 5,000 level by next year as the secular bull market that began in 2013 follows a similar roadmap seen in the 1950s and 1980s, according to Bank of America.Such a rally would represent potential upside of at least 13% for the S&P 500, which traded around 4,400 on Thursday.
The Bull Market In Stocks Is On Track To Push The S&p 500 To 5,000 By 2024, Bank Of America Says
mfox@businessinsider.com (Matthew Fox), Business Insider
Thu, 07/06/2023 - 9:51am
Topics: wikipediathe s&p stephen suttmeier the s&p presidential cycle year the presidential cycle presidential election macd july/september september/november february august december business insider s&p bank america bofa the october suttmeier july us stocks track bull market secular markets rally level signal prior line began solid compared performance tailwind hit return roadmap current bullish chart shows signals average term thursday
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