Part 2/8:
The year 2024 has been marked by extraordinary gains in the stock market, with the S&P 500 rising from 4,742 to over 6,000—a staggering 27% increase year-to-date. The NASDAQ has experienced a similar surge, climbing from 14,765 to over 19,000, yielding a 30% gain. These returns are significantly higher than the historical average of 9-11% per annum, with the current S&P PE ratio hovering around 25, well above the typical range of 15-20.