Where May Equity Markets Finish For 2024?

As we are approaching year end, this is a great time as a trader to go back and see how different markets performed relative to the positions you had throughout the year. Many different sectors had excellent performances this year such as the precious metals complex, with Gold hitting all time high levels, and the crypto market led by Bitcoin. With that said, the ES contract has hit a new all time high this year and is trading right near the $6,000 level which was first achieved this year.

Traders often reference the “Santa Clause Rally” referring to a move higher in markets to finish out the year on a high note. With the year winding down, there are only a few more trading days along with some important economic data that will have an impact on how prices settle for the end of the year. Also, with the selling pressure seen today across several markets, there would need to be a catalyst to send prices back near all time highs.

Looking ahead to next year, there is still a lot of uncertainty about the markets based on tensions in the Middle East, a new presidential cycle starting in January, and the Fed’s plans for rate cuts or pauses for 2025.


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**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.