The Stock Market Will Make a Big Move in the Next 6 Months if History Repeats Itself

Year to date, the broad-based S&P 500 (SNPINDEX: ^GSPC) has added 10%, while the growth-centric Nasdaq Composite (NASDAQINDEX: ^IXIC) has added 9%. The driving force behind those gains has been strong corporate earnings growth, which itself has been fueled by enthusiasm for artificial intelligence. Indeed, FactSet Research estimates S&P 500 companies will report nearly 33% earnings growth this year, the fastest growth outside of a post-recession recovery in over three decades.