The S&P 500 is enjoying one of the best years since 1927, thanks to the AI buzz
have all seen impressive rallies this year as investors cheered tech-focused stocks following the smashing debut of OpenAI's ChatGPT.
Meanwhile, a string of positive economic data - including falling inflation and robust jobs numbers - have given investors more incentive to tap into equities, thereby fueling the rally even more. That's despite the Federal Reserve jacking up interest rates by more than 500 basis points since early 2022 in a bid to cool historically high inflation.
The S&P 500 has jumped nearly 20% this year, defying pessimists like Morgan Stanley's Mike Wilson who recently admitted the Wall Street bank wasAs the index continues its ascent, analysts at JPMorgan predict that a new record high for the S&P 500
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