{"id":13902,"date":"2024-01-17T17:20:47","date_gmt":"2024-01-17T14:20:47","guid":{"rendered":"https:\/\/www.robomarkets.com\/blog\/?p=13902"},"modified":"2024-02-02T18:14:43","modified_gmt":"2024-02-02T15:14:43","slug":"sp-500-forecast","status":"publish","type":"post","link":"https:\/\/www.robomarkets.com.cy\/blog\/stock-market\/analysis\/sp-500-forecast\/","title":{"rendered":"How Will the S&amp;P 500 Perform in 2024?"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p>The <a href=\"https:\/\/www.robomarkets.com.cy\/blog\/investing\/how-to-invest-in-sp-500\/\" data-internallinksmanager029f6b8e52c=\"96\" title=\"how to invest in sp500\">S&amp;P 500<\/a> index (SPX, US500) rose by 23.3% based on the 2023 results. It is worth noting that it ended 2022 with a 19.7% decline. 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choosing-poll ays-poll-id-69f7951f09b08 '        id='ays-poll-id-69f7951f09b08'        data-res='0'        data-res-sort='none'        data-restart ='false'        data-redirection = '0'        data-redirect-check = '0'        data-url-href = ''        data-href = ''        data-delay = '0'        data-id='7'        data-res-rgba = ''        data-percent-color = '#0c6291'        data-enable-top-animation = ''        data-top-animation-scroll = '100'        data-info-form=''        data-enable-social-links=''        ><div class='ays_poll_cb_and_a'><\/div><div class='apm-title-box'><div>What is your sentiment on S&P 500 index?<\/div><\/div><div class='ays-poll-id-69f7951f09b08 ays_question'><\/div><div class='ays-poll-id-69f7951f09b08 hideResults ays-poll-hide-result-box'> <\/div><div class='apm-answers apm-answers-without-submit ays_poll_grid_view_container'>\t\t\t\t\t\t\t\t\t\t\t<div class='apm-choosing answer-ays-poll-id-69f7951f09b08  ays-poll-field ays-poll-answer-container-gird' >\t\t\t\t\t\t\t\t\t\t\t<input type=radio name='answer' id='radio-0-ays-poll-id-69f7951f09b08' value='16' autocomplete=\"off\">\t\t\t\t\t\t\t\t\t\t\t<label for='radio-0-ays-poll-id-69f7951f09b08' class='ays_label_poll   ays_enable_hover ays_label_font_size ays_poll_answer_icon_checkbox  ays-poll-answer-container-label-grid' data-answers-url=''> <p style='' class='ays-poll-answers'><span class='ays-poll-each-answer-grid'>Bullish<\/span><\/p><\/label>\t\t\t\t\t\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t<div class='apm-choosing answer-ays-poll-id-69f7951f09b08  ays-poll-field ays-poll-answer-container-gird' >\t\t\t\t\t\t\t\t\t\t\t<input type=radio name='answer' id='radio-1-ays-poll-id-69f7951f09b08' value='17' autocomplete=\"off\">\t\t\t\t\t\t\t\t\t\t\t<label for='radio-1-ays-poll-id-69f7951f09b08' class='ays_label_poll   ays_enable_hover ays_label_font_size ays_poll_answer_icon_checkbox  ays-poll-answer-container-label-grid' data-answers-url=''> <p style='' class='ays-poll-answers'><span class='ays-poll-each-answer-grid'>Bearish<\/span><\/p><\/label>\t\t\t\t\t\t\t\t\t\t\t<\/div><\/div><div class='apm-cashed-fa'><div>                                <i class='ays_poll_fas ays_poll_fa-star' style='font-size: 0'><\/i>                            <\/div><div>                                <i class='ays_poll_fas ays_poll_fa-star' style='font-size: 0'><\/i>                            <\/div><\/div><input type=\"hidden\" id=\"ays_finish_poll_show_res_7\" name=\"ays_finish_poll_show_res_7\" value=\"a371fd56d8\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/blog\/wp-json\/wp\/v2\/posts\/13902\" \/><div class='apm-button-box'><input type='button' \t                    name='ays_finish_poll'\t                    class='btn ays-poll-btn choosing-btn ays_finish_poll'\t                    data-form='ays-poll-id-69f7951f09b08'\t                    value=\"Vote\"\t                    ><\/div><div class='apm-title-box ays_res_mess'> <\/div><script>\t\t\t\tif(typeof 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style=\\\"text-align: center;\\\">The poll will be available soon!<\/p>\n","active_date_message":"<p style=\\\"text-align: center;\\\">The poll has expired!<\/p>\n","show_result_btn_schedule":0,"dont_show_poll_cont":"off","allow_not_vote":0,"see_res_btn_text":"See Results","enable_pass_count":null,"redirect_users":0,"redirect_after_vote_url":false,"redirection_delay":0,"randomize_answers":"off","enable_asnwers_sound":"off","poll_vote_reason":"off","enable_vote_btn":0,"btn_text":"Vote","enable_view_more_button":"off","poll_view_more_button_count":0,"answer_sort_type":"default","show_answers_numbering":"none","hide_results":0,"hide_result_message":1,"hide_results_text":"<p style=\"text-align: center;\">Thanks for your answer!<\/p>","result_message":"<div class=\"sentiment__row custom-answer\" style=\"display: flex; align-items: center;\">\r\n<div class=\"sentiment__bl sentiment__memory\" style=\"margin-right: 10px;\">\r\n<div>\r\n<p class=\"js-vote-bull hidden\" style=\"color: #2e3a59; font-size: 13px; font-weight: 500; line-height: 18px; text-align: left;\">You voted <strong>Bullish<\/strong><\/p>\r\n<p class=\"js-vote-bear\" style=\"color: #2e3a59; font-size: 13px; font-weight: 500; line-height: 18px; text-align: left;\">You voted <strong>Bearish<\/strong><\/p>\r\n<p style=\"color: #8f9bb3; font-size: 13px; line-height: 18px; text-align: left; visibility: hidden; height: 0;\">Give a try<\/p>\r\n\r\n<\/div>\r\n<\/div>\r\n<div class=\"sentiment__bl\" style=\"display: flex;\">\r\n<div class=\"button-main rounded js_signup_new js-analyticsClick\" data-link=\"uu\" data-type=\"bullBearWidget_trade\">Start trading<\/div>\r\n<div class=\"button-outlined rounded js_signup js-analyticsClick\" data-link=\"uu\" data-type=\"bullBearWidget\" data-demomode=\"true\">Try demo<\/div>\r\n<\/div>\r\n<\/div>","show_social":0,"poll_social_buttons_heading":"","poll_show_social_ln":"on","poll_show_social_fb":"on","poll_show_social_tr":"on","poll_show_social_vk":"off","load_effect":"blur","load_gif":"plg_default","limit_users":1,"limit_users_method":"cookie_ip","limitation_message":"<p style=\\\"text-align: left;font-size: 16px;color: #8F9BB3;\\\">You have already voted<\/p>\n","redirect_url":false,"user_role":[],"enable_restriction_pass":0,"restriction_pass_message":"<p style=\\\"text-align: center;\\\">You don\\'t have permissions for passing the poll<\/p>\n","enable_logged_users":0,"enable_logged_users_message":"<p style=\\\"text-align: center;\\\">You must sign in for passing the poll<\/p>\n","notify_email_on":0,"notify_email":"panama.keet@gmail.com","result_sort_type":"none","create_date":"2024-01-17 17:16:39","author":{"id":"168","name":"Vera Zorina"},"redirect_after_vote_delay":0,"published":1,"enable_restart_button":0,"show_votes_count":0,"show_res_percent":1,"show_login_form":"off","info_form":0,"fields":"apm_name,apm_email,apm_phone","required_fields":"apm_email","info_form_title":"<h5>Please fill out the form:<\/h5>\n","enable_mailchimp":"off","redirect_after_submit":0,"mailchimp_list":"","users_role":"[]","poll_bg_image_position":"center center","poll_bg_img_in_finish_page":"on","ays_add_post_for_poll":"off","result_in_rgba":"off","show_passed_users":"off","see_result_button":"on","see_result_radio":"ays_see_result_immediately","loader_font_size":"64","effect_message":"","poll_allow_collecting_users_data":"off","poll_every_answer_redirect_delay":"","poll_enable_answer_image_after_voting":"off","poll_enable_answer_redirect_delay":"off","poll_show_passed_users_count":3,"poll_allow_answer":"off","poll_allow_answer_require":"off","poll_answer_image_height":"150","poll_answer_image_height_for_mobile":"150","poll_title_alignment":"center","poll_text_type_length_enable":"off","poll_text_type_limit_type":"characters","poll_text_type_limit_length":"","poll_text_type_limit_message":"off","poll_text_type_placeholder":"Your answer","poll_text_type_width":"","poll_text_type_width_type":"percent","poll_enable_password":"off","poll_password":"","poll_enable_password_visibility":"off","poll_password_message":"Please enter password","display_fields_labels":"off","poll_create_author":168,"poll_logo_url_new_tab":"off","enable_social_links":"off","poll_social_links_heading":"","social_links":{"linkedin_link":"","facebook_link":"","twitter_link":"","vkontakte_link":"","youtube_link":""},"show_chart_type":"default_bar_chart","show_chart_type_google_height":400,"poll_enable_animation_top":"on"}';\t\t\t<\/script><\/div><\/form><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_S_P_500_returns_since_2020\"><\/span><a><\/a>The S&amp;P 500 returns since 2020<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"content-sidebar\"><rg-instrument theme=\"blue\" symbol=\"US500\"><\/rg-instrument><\/div>\n\n\n\n<p>From 1 January 2020 to 31 December 2023, the S&amp;P 500 index surged by 45.7%. During this period, the US economy underwent the challenges of the COVID-19 crisis, witnessing a sharp reduction in interest rates from 1.75% at the beginning of 2020 to 0.25% by the end of the year. Subsequently, rates increased to 5.25% by December 2023.<\/p>\n\n\n\n<p>The rate cuts were conducted along with an unprecedented quantitative easing (QE) program, followed by a quantitative tightening (QT) program. In July 2022, inflation reached a 50-year record high of 9.1%. All these events were likely to impact the SPX performance substantially.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2020_reasons_behind_the_S_P_500_decline_and_growth\"><\/span><a><\/a>2020: reasons behind the S&amp;P 500 decline and growth<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In Q1 2020, the US economy grappled with the coronavirus pandemic, prompting Donald Trump to&nbsp;<a href=\"https:\/\/eu.usatoday.com\/story\/news\/politics\/2020\/01\/31\/coronavirus-donald-trump-declares-public-health-emergency\/4625299002\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">declare<\/a>&nbsp;a health emergency and impose quarantine restrictions. Educational institutions closed, public events were banned, and citizens were advised to stay home. These restrictions consequently resulted in a sharp decline in business activity and a 34.9% drop in the S&amp;P 500, tumbling from 3,391 on 20 February 2020 to 2,208 points on 23 March 2020.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1420\" height=\"828\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY-1420x828.png\" alt=\"The S&amp;P 500 index chart, February-March 2020\" class=\"wp-image-13903\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY-1420x828.png 1420w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY-343x200.png 343w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY-768x448.png 768w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY.png 1477w\" sizes=\"(max-width: 1420px) 100vw, 1420px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>The S&amp;P 500 index chart, February-March 2020<\/em>*<\/figcaption><\/figure>\n\n\n\n<p>To revive the economy, the US Senate&nbsp;<a href=\"https:\/\/www.cnbc.com\/2020\/03\/25\/senate-passes-2-trillion-coronavirus-stimulus-package.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">passed<\/a>&nbsp;a 2 trillion USD relief bill, and the Federal Reserve reduced the interest rate from 1.75% to 0.25% across two meetings in March. The regulator embarked on a quantitative easing program, which expanded its balance sheet from 4.1 trillion USD in January to 7.1 trillion USD in June 2020.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBB.png\"><img loading=\"lazy\" decoding=\"async\" width=\"849\" height=\"431\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBB.png\" alt=\"The US Federal Reserve&rsquo;s balance sheet, January 2020-January 2021\" class=\"wp-image-13904\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBB.png 849w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBB-360x183.png 360w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBB-768x390.png 768w\" sizes=\"(max-width: 849px) 100vw, 849px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>The US Federal Reserve&rsquo;s balance sheet, January 2020-January 2021<\/em>*<\/figcaption><\/figure>\n\n\n\n<p>These actions by the Federal Reserve likely instilled confidence in investors, and despite the index decline in February and March, positive returns of 16.0% were recorded at year-end.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1420\" height=\"828\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY1-1420x828.png\" alt=\"The S&amp;P 500 chart, 2020\" class=\"wp-image-13905\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY1-1420x828.png 1420w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY1-343x200.png 343w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY1-768x448.png 768w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY1.png 1477w\" sizes=\"(max-width: 1420px) 100vw, 1420px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>The S&amp;P 500 chart, 2020<\/em>*<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2021_the_S_P_500_growth_drivers\"><\/span><a><\/a>2021: the S&amp;P 500 growth drivers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The business environment experienced nearly perfect conditions entering 2021. A near-zero interest rate enabled low-cost borrowings, and with the ongoing quantitative easing program, the Federal Reserve became the primary purchaser of commercial <a href=\"https:\/\/www.robomarkets.com.cy\/blog\/investing\/how-to-invest-in-bonds-general-information\/\" data-internallinksmanager029f6b8e52c=\"122\" title=\"Bonds\">bonds<\/a>. In addition, restrictions related to the COVID-19 pandemic were lifted, leading to an uptick in consumer spending.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CS.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1151\" height=\"669\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CS.png\" alt=\"Consumer spending in the US, Q1 2020-Q4 2021\" class=\"wp-image-13906\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CS.png 1151w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CS-344x200.png 344w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CS-768x446.png 768w\" sizes=\"(max-width: 1151px) 100vw, 1151px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Consumer spending in the US, Q1 2020-Q4 2021<\/em>*<\/figcaption><\/figure>\n\n\n\n<p>The index gained 27.2% in 2021, reaching a record 4,800 points.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY2.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1420\" height=\"828\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY2-1420x828.png\" alt=\"The S&amp;P 500 chart, 2021\" class=\"wp-image-13907\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY2-1420x828.png 1420w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY2-343x200.png 343w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY2-768x448.png 768w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY2.png 1477w\" sizes=\"(max-width: 1420px) 100vw, 1420px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>The S&amp;P 500 chart, 2021<\/em>*<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2022_reasons_behind_the_S_P_500_decline\"><\/span><a><\/a>2022: reasons behind the S&amp;P 500 decline<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A surge in consumer spending and borrowings available at a minimal interest rate propelled inflation: based on December 2020 results, the indicator stood at 1.4%, while in December 2021, it reached 7.0%, significantly exceeding the Federal Reserve&rsquo;s target of 2%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/IR.png\"><img loading=\"lazy\" decoding=\"async\" width=\"849\" height=\"435\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/IR.png\" alt=\"The US inflation rate, January 2020-December 2022\" class=\"wp-image-13908\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/IR.png 849w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/IR-360x184.png 360w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/IR-768x393.png 768w\" sizes=\"(max-width: 849px) 100vw, 849px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>The US inflation rate, January 2020-December 2022<\/em>*<\/figcaption><\/figure>\n\n\n\n<p>The US economy started 2022 with inflation running at 7.0%, which continued to rise, reaching 9.1% in July, marking a 50-year record.<\/p>\n\n\n\n<p>The Federal Reserve was forced to take measures to combat inflation, and discussions about monetary policy tightening and initiating a quantitative tightening program emerged at press conferences. Having said this, the regulator acted, raising the interest rate from 0.25% to 0.75% in March 2022. By the end of 2022, the interest rate reached 4.5%. In addition, the quantitative tightening program kicked off in June, confirmed by the Federal Reserve&rsquo;s balance sheet reduction from 8.9 trillion USD in April 2022 to 8.5 trillion USD in early January 2023.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBS.png\"><img loading=\"lazy\" decoding=\"async\" width=\"847\" height=\"432\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBS.png\" alt=\"The US Federal Reserve&rsquo;s balance sheet, January 2021-January 2023\" class=\"wp-image-13909\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBS.png 847w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBS-360x184.png 360w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBS-768x392.png 768w\" sizes=\"(max-width: 847px) 100vw, 847px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>The US Federal Reserve&rsquo;s balance sheet, January 2021-January 2023<\/em>*<\/figcaption><\/figure>\n\n\n\n<p>Consumer spending growth also slowed sharply in 2022. The figure was 14.99 trillion USD in Q1 and 15.17 trillion USD by Q4, showing an increase of merely 1.1%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CS1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1147\" height=\"671\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CS1.png\" alt=\"Consumer spending in the US, Q1 2021-Q4 2022\" class=\"wp-image-13910\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CS1.png 1147w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CS1-342x200.png 342w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CS1-768x449.png 768w\" sizes=\"(max-width: 1147px) 100vw, 1147px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Consumer spending in the US, Q1 2021-Q4 2022<\/em>*<\/figcaption><\/figure>\n\n\n\n<p>Investors were likely prepared for rate hikes and the beginning of the quantitative tightening program, prompting them to start locking in profits generated in 2021. It is worth noting that businesses face a higher financial load in a high-interest rate environment. This situation adversely affected S&amp;P 500 quotes, leading to a 19.7% drop to 3,844 points by the end of 2022.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY3.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1420\" height=\"828\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY3-1420x828.png\" alt=\"The S&amp;P 500 chart, 2022\" class=\"wp-image-13911\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY3-1420x828.png 1420w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY3-343x200.png 343w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY3-768x448.png 768w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY3.png 1477w\" sizes=\"(max-width: 1420px) 100vw, 1420px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>The S&amp;P 500 chart, 2022<\/em>*<\/figcaption><\/figure>\n\n\n\n<div class=\"block-banner violet-light_blue\">\n\n    <div class=\"block-banner__content\">\n\n      <div class=\"block-banner__text-content\">\n        <p class=\"block-banner__title\">Want to trade stocks without commission?<\/p>\n        <p class=\"block-banner__text\">Gain access to over 1000 US stocks for commission-free trading on the <span class=\"nowrap\">R StocksTrader<\/span> platform<\/p>\n      <\/div>\n    <div class=\"block-banner__images-wrapper\">\n      <img decoding=\"async\" class=\"block-banner__image block-banner__image_mobile\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2023\/09\/1free-stocks-mobile.png\" alt=\"partner-programme\">\n    <\/div>\n      <a href=\"https:\/\/www.robomarkets.com.cy\/forex-trading\/platforms\/stock-market\/commission-free-stock-trading\/\" class=\"block-banner__button js-risk-warning\" target=\"_blank\" rel=\"noopener\">Start Now<\/a>\n    <\/div>\n    <div class=\"block-banner__images-wrapper\">\n\n      <img decoding=\"async\" class=\"block-banner__image block-banner__image_desktop\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2023\/09\/1free-stocks-descktop.png\" alt=\"partner-programme\">\n    <\/div>\n  <\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2023_S_P_500_growth_drivers\"><\/span><a><\/a>2023: S&amp;P 500 growth drivers<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Rate hikes continued in 2023, with the QT program remaining in effect. However, inflation fell from 9.1% in June 2022 to 6.4% in January 2023 and continued its downward trajectory. Since the Federal Reserve&rsquo;s actions aimed to reduce inflation, market participants began to anticipate the end of the monetary tightening cycle when the figure decreased.<\/p>\n\n\n\n<p>Overall, 2023 became unconventional in terms of market participants&rsquo; reactions to economic news. For example, increased unemployment and bankruptcies were positively perceived since it should have prompted the Federal Reserve to ease monetary policy.<br>High interest rates resulted in high borrowing costs and debt servicing, leading to an increase in bankrupt companies. Thus, 13,125 companies went bankrupt in Q4 2022, while their number reached 17,051 in Q4 2023, marking a growth of 29.9%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/BK.png\"><img loading=\"lazy\" decoding=\"async\" width=\"846\" height=\"413\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/BK.png\" alt=\"Business bankruptcies in the US, Q1 2021-Q4 2023\" class=\"wp-image-13912\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/BK.png 846w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/BK-360x176.png 360w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/BK-768x375.png 768w\" sizes=\"(max-width: 846px) 100vw, 846px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Business bankruptcies in the US, Q1 2021-Q4 2023<\/em>*<\/figcaption><\/figure>\n\n\n\n<p>A rise in bankruptcies entailed an increase in the unemployment rate. In January 2023, it dropped to 3.4% and started to go up slowly, hitting 3.7% in December 2023.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/UR.png\"><img loading=\"lazy\" decoding=\"async\" width=\"844\" height=\"417\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/UR.png\" alt=\"The US unemployment rate, January 2021-December 2023\" class=\"wp-image-13913\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/UR.png 844w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/UR-360x178.png 360w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/UR-768x379.png 768w\" sizes=\"(max-width: 844px) 100vw, 844px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>The US unemployment rate, January 2021-December 2023<\/em>*<\/figcaption><\/figure>\n\n\n\n<p>Inflation fell from 6.4% in January to 3.4% in December 2023.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/IR1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"850\" height=\"369\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/IR1.png\" alt=\"The US inflation rate, January-December 2023\" class=\"wp-image-13914\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/IR1.png 850w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/IR1-360x156.png 360w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/IR1-768x333.png 768w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>The US inflation rate, January-December 2023<\/em>*<\/figcaption><\/figure>\n\n\n\n<p>News about oncoming economic problems in the country drove up the S&amp;P 500 by 23.2% in 2023.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY4.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1420\" height=\"828\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY4-1420x828.png\" alt=\"The S&amp;P 500 chart, 2023\" class=\"wp-image-13915\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY4-1420x828.png 1420w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY4-343x200.png 343w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY4-768x448.png 768w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SPY4.png 1477w\" sizes=\"(max-width: 1420px) 100vw, 1420px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>The S&amp;P 500 chart, 2023<\/em>*<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_S_P_500_largest_gainers_in_2023\"><\/span><a><\/a>The S&amp;P 500 largest gainers in 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The S&amp;P 500 basket includes <a href=\"https:\/\/www.robomarkets.com.cy\/forex-trading\/assets\/stocks\/\" data-internallinksmanager029f6b8e52c=\"22\" title=\"stocks trading\">shares<\/a> in representatives of various economic sectors. According to&nbsp;<a href=\"https:\/\/www.visualcapitalist.com\/charted-sp-500-sector-performance-in-2023\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Visual Capitalist<\/a>, sector performance in 2023 was as follows:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Information technology +56.4%<\/li>\n\n\n\n<li>Communication services +54.4%<\/li>\n\n\n\n<li>Consumer discretionary +40.3%<\/li>\n\n\n\n<li>Industrials +16.0%<\/li>\n\n\n\n<li>Materials +10.2%<\/li>\n\n\n\n<li>Financial +9.9%<\/li>\n\n\n\n<li>Real estate +8.3%<\/li>\n\n\n\n<li>Health care +0.3%<\/li>\n\n\n\n<li>Consumer staples &minus;2.3%<\/li>\n\n\n\n<li>Energy &minus;4.8%<\/li>\n\n\n\n<li>Utilities &minus;10.4%<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SP.png\"><img loading=\"lazy\" decoding=\"async\" width=\"665\" height=\"828\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SP-665x828.png\" alt=\"Sector breakdown of the S&amp;P 500 returns, 2023\" class=\"wp-image-13916\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SP-665x828.png 665w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SP-161x200.png 161w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/SP.png 709w\" sizes=\"(max-width: 665px) 100vw, 665px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Sector breakdown of the S&amp;P 500 returns, 2023<\/em>*<\/figcaption><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.robomarkets.com.cy\/beginners\/info\/charts\/stocks\/NVDA\/\" data-internallinksmanager029f6b8e52c=\"68\" title=\"NVIDIA Corp\">NVIDIA Corporation<\/a> (NASDAQ: NVDA) and Advanced Micro Devices Inc. (NASDAQ: AMD) stood out in the information technology sector, showing an increase in returns of 232.9% and 123.2%, respectively.<\/p>\n\n\n\n<p>In the communication services sector, <a href=\"https:\/\/www.robomarkets.com.cy\/beginners\/info\/charts\/stocks\/META\/\" data-internallinksmanager029f6b8e52c=\"61\" title=\"Meta Platforms Inc\">Meta Platforms Inc.<\/a> (NASDAQ: META), <a href=\"https:\/\/www.robomarkets.com.cy\/beginners\/info\/charts\/stocks\/NFLX\/\" data-internallinksmanager029f6b8e52c=\"66\" title=\"Netflix Inc\">Netflix Inc.<\/a> (NASDAQ: NFLX), and <a href=\"https:\/\/www.robomarkets.com.cy\/beginners\/info\/charts\/stocks\/googl\/\" data-internallinksmanager029f6b8e52c=\"51\" title=\"Alphabet Inc\">Alphabet Inc.<\/a> (NASDAQ: GOOG) enjoyed the highest returns of 188%, 63%, and 57%, respectively.<\/p>\n\n\n\n<p>The gainers in the consumer discretionary sector in terms of the annual return increase were <a href=\"https:\/\/www.robomarkets.com.cy\/beginners\/info\/charts\/stocks\/TSLA\/\" data-internallinksmanager029f6b8e52c=\"77\" title=\"Tesla Inc\">Tesla Inc.<\/a> (NASDAQ: TSLA) and <a href=\"https:\/\/www.robomarkets.com.cy\/beginners\/info\/charts\/stocks\/AMZN\/\" data-internallinksmanager029f6b8e52c=\"34\" title=\"Amazon.com Inc\">Amazon.com Inc.<\/a> (NASDAQ: AMZN), with 109.4% and 78.2%, respectively.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Factors_that_might_propel_the_S_P_500_in_2024\"><\/span><a><\/a>Factors that might propel the S&amp;P 500 in 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>1.&nbsp;<strong>Moderate growth of unemployment.<\/strong>&nbsp;Jerome Powell, the Fed&rsquo;s chair, set a goal of bringing inflation down to 2% but doing it in a way that avoids tipping the country&rsquo;s economy into a recession.<br>The leading indicators the regulator monitors are the labour market and the inflation rate. A rise in the unemployment rate may indicate declining consumer demand, accompanied by a potential drop in inflation.<br>As mentioned above, unemployment in the US reached a low of 3.4% and rose to 3.7% in December 2023. At this stage, the indicator seems to have stopped falling.<br>2.&nbsp;<strong>A drop in inflation to 2%.<\/strong>&nbsp;Rising inflation at the end of 2023 following a June meeting presents a mixed situation. Either this is another wave that could cause the Fed to revert to tightening monetary policy, or it is a temporary surge related to the winter holidays and increased consumer spending. If inflation continues moving towards 2%, it may signal a softer monetary policy stance by the Federal Reserve.<br>3.&nbsp;<strong>Interest rate reduction.<\/strong>&nbsp;The Federal Reserve completed a series of interest rate hikes in July 2023, keeping it at 5.5% at two meetings. Comments from the Fed&rsquo;s officials on future actions regarding the interest rate can hardly be called unambiguous. In 2024, market participants will probably have to develop and adjust their investment strategy based on mere assumptions.<br>Below is the&nbsp;<a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html?redirect=\/trading\/interest-rates\/countdown-to-fomc.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">CME FedWatch Tool<\/a>&nbsp;data on possible interest rate changes in 2024. The forecasts are based on the prices of futures contracts for federal government bonds.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/FR.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1144\" height=\"667\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/FR.png\" alt=\"Projected changes in the US interest rate in 2024\" class=\"wp-image-13917\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/FR.png 1144w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/FR-343x200.png 343w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/FR-768x448.png 768w\" sizes=\"(max-width: 1144px) 100vw, 1144px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Projected changes in the US interest rate in 2024<\/em>*<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Factors_that_might_impede_the_S_P_500_growth_in_2024\"><\/span><a><\/a>Factors that might impede the S&amp;P 500 growth in 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>1.&nbsp;<strong>Rising oil prices.<\/strong>&nbsp;US inflation may be influenced not only by consumer spending but also by an increase in energy prices, impacting product costs and their delivery. In June 2022, when inflation peaked at 9.1%, the WTI oil price reached 123.85 USD per barrel, exceeding the average 2019 price by 115%. Gasoline prices in the country soared to a 25-year record of 1.3 USD per litre.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/GP.png\"><img loading=\"lazy\" decoding=\"async\" width=\"849\" height=\"421\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/GP.png\" alt=\"Gasoline prices in the US, January 1998-January 2024\" class=\"wp-image-13918\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/GP.png 849w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/GP-360x179.png 360w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/GP-768x381.png 768w\" sizes=\"(max-width: 849px) 100vw, 849px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>Gasoline prices in the US, January 1998-January 2024<\/em>*<\/figcaption><\/figure>\n\n\n\n<p>The chart shows that gasoline prices began decreasing afterwards, accompanied by an inflation rate cut.<br>2.&nbsp;<strong>A black swan.<\/strong>&nbsp;It can be assumed that the Federal Reserve will refrain from reducing the interest rate until signs of imminent issues in the US economy appear. When forecasting the market environment in 2024, it might be prudent to factor in the risks of a potential black swan. Notably, the headline-making bankruptcy of Silicon Valley Bank became such an event in 2023, leading to the regulator being forced to suspend the QT program. This can be seen from a surge in the Federal Reserve&rsquo;s balance sheet in March and April 2023.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBS1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"850\" height=\"396\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBS1.png\" alt=\"The US Federal Reserve&rsquo;s balance sheet, January-December 2023\" class=\"wp-image-13919\" srcset=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBS1.png 850w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBS1-360x168.png 360w, https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2024\/01\/CBS1-768x358.png 768w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/a><figcaption class=\"wp-element-caption\"><em>The US Federal Reserve&rsquo;s balance sheet, January-December 2023<\/em>*<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technical_analysis_of_the_S_P_500_index\"><\/span><a><\/a>Technical analysis of the S&amp;P 500 index<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following a 50% correction to 4,100 points, the S&amp;P 500 surged towards its all-time high of 4,800. At the time of writing, the index is testing this resistance level.<\/p>\n\n\n\n<p>Under current conditions, quotes could probably fall to the nearest support level at 4,600 points. Subsequently, the price will likely rebound from this level, resuming growth.<\/p>\n\n\n\n<p>If the S&amp;P 500 quotes break above the all-time high of 4,800 points, this could trigger their further growth to the next Fibonacci level at 1.618, corresponding to the 5,230-point mark.<\/p>\n\n\n\n<!-- TradingView Chart BEGIN -->\n<script type=\"text\/javascript\" src=\"https:\/\/s3.tradingview.com\/tv.js\"><\/script>\n<script type=\"text\/javascript\">\nvar tradingview_embed_options = {};\ntradingview_embed_options.width = '790';\ntradingview_embed_options.height = '475';\ntradingview_embed_options.chart = 'vNuokm1Q';\nnew TradingView.chart(tradingview_embed_options);\n<\/script>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/US500\/vNuokm1Q-Technical-analysis-of-S-P-500\/\" rel=\"nofollow\"><\/a><em><a href=\"https:\/\/www.robomarkets.com.cy\/blog\/investing\/tools\/tech-analysis-for-investing-in-stocks\/\" data-internallinksmanager029f6b8e52c=\"134\" title=\"Technical Analysis\">Technical analysis<\/a> of the S&amp;P 500 index*<\/em><\/p>\n<!-- TradingView Chart END -->\n\n\n\n<div class=\"block-banner dark_blue-pink\">\n    <div class=\"block-banner__content\">\n      <div class=\"block-banner__text-content\">\n        <p class=\"block-banner__title\">Want to trade with premium conditions?<\/p>\n        <p class=\"block-banner__text\">Open a Prime account and enjoy fast execution, low commissions, and spreads from 0 pips<\/p>\n      <\/div>\n    <div class=\"block-banner__images-wrapper\">\n      <img decoding=\"async\" class=\"block-banner__image block-banner__image_mobile\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2023\/09\/prime-mobile.png\" alt=\"partner-programme\">\n    <\/div>\n      <a href=\"https:\/\/my.robomarkets.com\/en\/register\/prime\/\" class=\"block-banner__button js-risk-warning\" target=\"_blank\" rel=\"noopener nofollow\">Open a Prime Account<\/a>\n    <\/div>\n    <div class=\"block-banner__images-wrapper\">\n      <img decoding=\"async\" class=\"block-banner__image block-banner__image_desktop\" src=\"https:\/\/www.robomarkets.com.cy\/blog\/wp-content\/uploads\/2023\/09\/prime-desktop.png\" alt=\"partner-programme\">\n    <\/div>\n  <\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><a><\/a>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Considering information about the S&amp;P 500&rsquo;s performance over the last four years, it can be assumed that the index tends to rise amid a soft monetary policy and a quantitative easing program. The Fed managed to reduce the inflation level in 2023, and the monetary tightening program could give way to the easing program, potentially impacting the S&amp;P 500 quotes positively.<\/p>\n\n\n\n<p>The probability of a <a href=\"https:\/\/www.robomarkets.com.cy\/blog\/education\/what-is-black-swan-event-and-how-it-impacts-markets\/\" data-internallinksmanager029f6b8e52c=\"92\" title=\"black swan event\">black swan event<\/a> should not be ruled out in 2024, which may adversely affect the index quotes in the <a href=\"https:\/\/www.robomarkets.com.cy\/blog\/investing\/how-to-find-stocks-for-short-term-investments\/\" data-internallinksmanager029f6b8e52c=\"94\" title=\"Short-Term Investing\">short term<\/a> but subsequently lead to more active actions of the Federal Reserve to support the US economy. In such a scenario, a decline in the S&amp;P 500 may be short-lived.<\/p>\n\n\n\n<p>The most pessimistic scenario for the US economy and the index could be the resumption of growth in oil prices and the inflation rate. In this case, the regulator will likely be forced to take unprecedented measures to tighten monetary policy. Presumably, this may lead to a surge in debt expenses in the US budget, which, in turn, may drive up taxes for businesses. In this scenario, the S&amp;P 500 will have little chance of ending the year with positive returns.<\/p>\n\n\n\n<p class=\"wp-block-button aligncenter\">\n<a class=\"button button-green js-risk-warning\" href=\"https:\/\/my.robomarkets.com\/en\/register\/\" rel=\"nofollow\">Open Trading Account<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\">\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><em>* &ndash; Past performance is not a reliable indicator of future results or future performance.<\/em><\/p>\n\n\n\n<p><em>The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law 87(I)\/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.<\/em><\/p>\n\n\n\n<p><em>The <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow nofollow\">stock charts<\/a> in this article are provided by the TradingView platform, which offers a wide range of tools for analysing the financial markets. It is a convenient, high-tech online market data charting service that allows users to perform technical analysis, research financial data, and communicate with other traders and investors.<\/em><\/p>\n<\/div><\/div>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>Get the forecast for the S&#038;P 500 index for 2024. Read technical and fundamental analysis of US500. View an S&#038;P 500 live chart.<\/p>\n","protected":false},"author":22,"featured_media":13920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1987,1986],"tags":[1977],"class_list":["post-13902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-stock-market","tag-sp-500-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>S&amp;P 500 Forecast 2024 \u2013 US500 Technical Analysis<\/title>\n<meta name=\"description\" content=\"Get the forecast for the S&amp;P 500 index for 2024. Read technical and fundamental analysis of US500. 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