The S & P 500 typically advances about 7% from November to April, compared to the index's average 2% rise from May to October, according to CFRA Research chief investment strategist Sam Stovall.
This year's market strength follows a standout 20% gain for the S & P 500 in 2023's "best six months" period, he noted.
"This double-dose of double-digit returns has caused investors to wonder if the market has used up its energy reserves and may be headed for tough times," Stovall wrote.
.SPX YTD mountain The S & P 500 has advanced more than 22% in 2024.
Stocks were bhigher on both Friday and Monday , with the S & P 500 trading within a hair's breath of this month's all-time high of 5864.67.
Persons:
Sam Stovall, Russell, Stocks, Stovall
Organizations:
Stock Traders, Research, Investors
Locations:
U.S