in Scam Reports
Mon Oct 09, 2017 2:22 pm
• Superman | 109 Posts | 1090 Points
The S&P 500’s 7.7% gain in the first five months of 2017 was rather impressive and bodes well for the rest of 2017. Despite all the current market difficulty factors on several fronts from geopolitics to economics to valuations to technicals to seasonals, this sort of outperformance in the first five months of a year has been a solid indication of further gains. It’s no guarantee, but of the other 33 years since 1950 where the S&P 500 was up more than the average 4.0% in the first 5 months, the next seven months suffered losses only 5 times for a win ratio of 84.8%. 1987 is the standout last 7-month loser and 2011 was the only one of the top 33 to give it all back. While the next several months are bound to be less easy for stocks, this is another feather in the cap of the bulls. Thanks
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