Source: Zhitong Finance "Since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%)." With the rebound of the stock market, the old adage "Sell in May and Go Away" seems to have been a bad advice once again. Last month, the S&P 500 index rose 4.8%, the best May performance since 2009. The NASDAQ 100 index rose nearly 6.2%, and the NASDAQ Composite Index rose 6.9%. Goldman Sachs FICC & Equities Trading Division said: "History doesn't really support this saying. Don't sell, leave the market (go on vacation), and enjoy the good times." The rising trend is still to be continued? If history is any guide, it may indicate that the rise of the stock market is not over yet. Looking ahead to the rest of 2024, Scott Rubner, Managing Director of the Goldman Sachs Global Markets Division and tactical expert, pointed out the following historical background for investors. Rubner stated that the S&P 500 index has risen 10.7% year-to-date, and since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%). "Since 1950, the median return of the last 7 months of each year (June 1 to December 31) is 5.4%. In the aforementioned 21 cases, the average performance of the last 7 months increased to 8.1%." Rubner added. Rubner also pointed out that the NASDAQ index has risen for 16 consecutive Julys, with an average return of about 4.64%.

Affected by the U.S. Federal Energy Regulatory Commission (FERC) refusing to reach an interconnection agreement with $Amazon (AMZN.US)$ the datacenter, $Talen Energy (TLN.US)$ the stock price dropped by 14% in pre-market trading on Monday. Commission members stated that this trade could raise public electricity rates and affect grid reliability.

It is reported that the revised interconnection agreement is expected to provide more power from Talen Energy's Susquehanna plant to the nuclear power station in Pennsylvania where the amazon datacenter is located.

FERC Commissioner Mark Christi stated: "The colocated arrangement proposed here raises a series of complex, subtle, and multifaceted issues that could have significant impacts on grid reliability and consumer costs."

As a result, the stock prices of other nuclear power companies also fell sharply, $Centrus Energy (LEU.US)$pre-market plummeted by 15.48%, $Constellation Energy (CEG.US)$ nearly 12% decrease, $Oklo Inc (OKLO.US)$dropped more than 10%, $Vistra Energy (VST.US)$ Fall more than 5%, while Talen Energy plummeted more than 13%.

In response to the ruling, Talen Energy stated that it is evaluating various options, focusing on commercial solutions, "We believe that the ISA amendment is fair and reasonable, in the best interest of consumers."

The proposal aims to modify the interconnection service agreement between PJM, the grid operator, the Susquehanna Nuclear power plant owners, and the interconnection transmission owners PPL. The agreement is intended to increase the colocated load of the datacenter from 300 MW to 480 MW.

Editor / jayden