Wayne Whaley (Jan 06, 2024) - The S&P broke a 9 week win streak last week. Normally any pullback in a strong advance will scan out as a buy signal. I posted 8 week advances instead of 9, so as to have +10 data points. The TOY Barometer aficionados will argue that the first week of the year is not just any week.
IsabelNet (Jan 06, 2024) - Historically, 9-week win streaks tend to be bullish for US stocks, with a median 12.4% increase in value seen a year later since 1950, giving investors good reason to expect a positive year in 2024.
IsabelNet (Jan 05, 2024) - From January to May of an election year, the performance of the S&P 500 index is often lackluster. However, as the year progresses, the market typically improves and delivers robust performance.
IsabelNet (Jan 05, 2024) - Historically, the average annual return of the S&P 500 index tends to experience a substantial decrease during periods when stocks encounter challenges in the month of January.
