Bugsy McGurk
President
The election is over and Trump cultists don’t have to lie anymore. Thanks to Joe Biden are due…
“In fact, US stocks are about to achieve a feat so rare that it’s only ever happened a handful of times.
The S&P 500 is set to gain over 24% this year after rising 24% in 2023. Back-to-back gains of over 20% would be the best performance for the benchmark index since 1997 and 1998, according to data from FactSet.
It’s an extraordinary event for the modern-day version of the index. (Precursors also racked up that kind of performance three other times, in 1927 and 1928, 1935 and 1936 and in 1954 and 1955, according to a Bank of America analysis.)
That means your retirement savings might be looking a little more cushioned than usual. Retirement plans in the form of a 401(k) or other pension fund are often invested in indices like the S&P 500. So, when stocks have a standout year, your account balance will benefit.”
Say “Thanks Joe!”
;-)
“In fact, US stocks are about to achieve a feat so rare that it’s only ever happened a handful of times.
The S&P 500 is set to gain over 24% this year after rising 24% in 2023. Back-to-back gains of over 20% would be the best performance for the benchmark index since 1997 and 1998, according to data from FactSet.
It’s an extraordinary event for the modern-day version of the index. (Precursors also racked up that kind of performance three other times, in 1927 and 1928, 1935 and 1936 and in 1954 and 1955, according to a Bank of America analysis.)
That means your retirement savings might be looking a little more cushioned than usual. Retirement plans in the form of a 401(k) or other pension fund are often invested in indices like the S&P 500. So, when stocks have a standout year, your account balance will benefit.”
Say “Thanks Joe!”
;-)


