The bull market continues; markets quickly dusted off the 5% correction in April and soared to new highs. With too much cash on the sidelines, every shallow correction has become a buying opportunity. Blue-chip stocks are one way to play this positive momentum.
From a historical perspective, the markets are in great shape for continued gains. In the first 100 trading days of 2024, the S&P 500 has had about a 10% gain. JPMorgan Wealth Management noted that since 1950, that has meant a stronger second half, with the index closing the year with a 25% average return.
Besides, the economic and earnings data support this positive view. Considering this confluence of positive economic and technical factors, the market’s direction will likely be up. These blue-chip stocks will help you capture gains as we hit new highs.
This post originally appeared at InvestorPlace.