Moving Averages: S&P Finishes December 2024 Down 2.5%
Portfolio Pulse from
The S&P 500 finished December 2024 down 2.5%, according to the monthly moving averages tracked for the S&P 500 and the Ivy Portfolio. The Ivy Portfolio is based on the asset allocation strategy used by endowment funds from Harvard and Yale.
January 02, 2025 | 6:00 pm
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NEGATIVE IMPACT
The S&P 500 index, represented by SPY, finished December 2024 down 2.5%, indicating a negative performance for the month.
The S&P 500's decline of 2.5% in December 2024 suggests a negative sentiment in the market, which could lead to short-term downward pressure on SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100