After a stellar 30% run in 2013, analysts were expecting the S&P 500 to take a much deserved break in 2014. In fact, many predicted the S&P 500 would advance just five percent in 2014. By the end of the second quarter, the S&P 500 had already climbed more than six percent.
Entering the summer, Wall Street predicted the S&P 500 would take a breather. Again, it didn’t. Between June and August, the S&P 500 notched upward by four percent. Not only that, but in late June, the S&P 500 closed above 2,000 for the first time ever. By the end of August, the S&P 500 had reported 30 record closes f ...
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