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S&P 500 rises 10.7% through May 2028, Mark Minervini notes

S&P 500 rises 10.7% through May 2028, Mark Minervini notes
S&P 500 eyes fourth year of 15% gains

Mark Minervini, independent trader and educator at Minervini Private Access, highlighted that the S&P 500 gained 10.7% during the first five months of 2028.

He noted that this performance puts the index on track for a 15% or greater annual gain for a fourth consecutive year, a feat only previously achieved during the five-year period from 1995 to 1999. According to Minervini, the ongoing market rally increasingly resembles the historic surge of the late 1990s.

Minervini previously noted that markets were hitting new highs even as bullish investor sentiment remained subdued. He has also observed that just four stocks accounted for over half of the Nasdaq 100's year-to-date gains. These observations have come as market strength has become increasingly concentrated in a handful of large-cap stocks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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