Published on 25 Jul 2022 on MarketWatch
The S&P 500 has climbed 8% since June 16, when it closed at its lowest point this year. While the benchmark index is still down 17% this year, analysts expect it to soar 21% over the next 12 months.
Not every sector has rallied. For example, the S&P 500 energy sector pulled back 8% from June 16 through July 22. Then again, it is still the best-performing sector this year, with a 28% gain.