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%.

Due to investors' expectations of Trump winning the presidential election, major US bank stocks rose during the overnight trading session. $JPMorgan (JPM.US)$ up nearly 6%, $Citigroup (C.US)$Please use your Futubull account to access the feature.$Goldman Sachs (GS.US)$and$Morgan Stanley (MS.US)$ rising over 5%, $Bank of America (BAC.US)$ Rise nearly 5%, $Wells Fargo & Co (WFC.US)$ up more than 4%.

As major bank stocks rise, traders are closely watching the results of the White House election. In the early hours of the 6th local time, the Republican presidential candidate and former president Trump delivered a speech at the Mar-a-Lago Conference Center in Florida, announcing his victory in the 2024 presidential election. According to calculations by several US media outlets such as The Hill and Fox News, Trump has already secured more than half of the electoral votes and is expected to clinch victory in this US presidential election. However, other mainstream US media outlets have not yet released similar reports. Vote counting for the US presidential election is still ongoing.

Given the Republican Party's stance on financial deregulation, it is expected that bank stocks will benefit under Republican control. TD Cowen Inc 7.75% senior notes due 15/06/33 usd25 analyst Jaret Seiberg pointed out that the Consumer Financial Protection Bureau (CFPB) easing regulations is particularly favorable for financial institutions.

In a recent report to clients, Seiberg wrote, "Trump is the kind of candidate where you ignore what he says and focus on what you expect him to do. That's why he promises to relax financial regulations, as his regulatory agencies may roll back most of CFPB's enforcement agenda and reconsider the safety and soundness changes for big banks."

Seiberg noted that considering the possibility of lowering capital requirements, retaining credit card delinquency policies, and assistance in regulating cryptos, trading banks can particularly benefit. However, he warned that Trump's tariff and immigration plans pose downside risks that could lead to inflation.

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Editor / jayden