Year of the Dragon Sparks Optimism for S&P 500's Flight to New Heights In the Year of the Dragon, historically known for bringing prosperity and strength, the U.S. stock market is anticipated to continue its upward trajectory, according to Tom Lee of Fundstrat Global Advisors. Analysis of market performance since 1871 shows that during Dragon years, U.S. equities have seen an average gain of 12.7%. For 2024, the Year of the Dragon, which starts on February 10, Lee predicts the S&P 500 could rise to as high as 5,350 points, marking a 6.4% increase from its recent closing. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Powell Dismisses Stagflation Fears READ MORE Cryptocurrency Market Climbs Over $2 Trillion, Led by Bitcoin READ MORE Fed Officials Suggest Interest Rates May Stay High to Combat Persistent Inflation READ MORE Precious Metals on a Winning Streak: Time for a Hard Money Heat Check READ MORE LBMA and WGC Push for Gold's Upgrade to HQLA Status Under Basel III READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment