A 20% S&P 500 ‘three-peat’ is unlikely in 2025, market strategist says

Key Points

The S&P 500 has returned three consecutive years of 20% gains just once since the 1920s.
The U.S. stock index delivered a 23% return in 2024 and 24% in 2023.
A backdrop of solid economic growth and consumer spending, coupled with relatively low unemployment, may push the S&P 500 up by about 12% in 2025, market strategist says.

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