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%.

$LOPAL TECH (02465.HK)$ Today's opening rose by more than 6%, the stock rose by over 64% yesterday. As of the time of publication, the jiangsu lopal tech. Hong Kong stock has expanded by 15.63% to 7.4 Hong Kong dollars, with a turnover of 0.225 billion Hong Kong dollars; A shares. $Jiangsu Lopal Tech. (603906.SH)$ The limit-up has recorded two consecutive boards.

It is reported that jiangsu lopal tech is the fourth largest manufacturer of lithium iron phosphate cathode material in china and globally. After being listed on the A-shares in 2017, the company officially listed on the Hong Kong Stock Exchange on October 30, 2024.

On the news front, the Shenzhen Stock Exchange announced yesterday that, due to the end of the price stabilization period for jiangsu lopal tech in the Hong Kong market and the corresponding A-shares listing having completed 10 trading days, according to relevant regulations of the 'Implementation Measures for the Shenzhen-Hong Kong Stock Connect,' the list of Hong Kong Stock Connect eligible securities has been adjusted and will take effect from November 25, with the adjustment information including the addition of jiangsu lopal tech.

Editor / jayden