Best case scenario for S&P 500 'may be coming into play': Stock Trader's Almanac
Stock market bulls regained control in May after April's decline interrupted an impressive five-month run from November to March, during which the market rose each month, with the
“We welcome it. Our portfolios are positioned well and tacking on additional gains. We have been bullish on 2024 since our Annual Forecast in December and maintained that all year,” Stock Trader’s Almanac commented in a recent note to clients. As such, Almanac does not expect the market to skyrocket from current levels, however, they also do not foresee a substantial downside either.Overall, Stock Trader's Almanac notes that the market is overreacting in the short term and will likely do so again when new data disappoints investors.
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