MarketSaga

S&P 500 Will End Positive if Market up From April to July

According to analysts at Bespoke Investment Group, if the market gains from April through July, stocks almost always finish out the year higher.

Since 1928, there have been 12 years in which the market has risen from April to July and every time, stocks have finished higher at the end of the year, with average annual gains of 1.8%, according to Bespoke.

If the S&P 500 does perform up to expectations and end July in the green, it will not only set up the year for a strong finish but it will also put the S&P 500 ETF SPY, in position to post a new record for the longest streak to close above its 200-day moving average. The current record stands at 525 trading days between July 30, 1996 to Aug. 26, 1998, according to Charlie Bilello, director of research at Pension Partners LLC.

Reference:

MarketWatch, Sue Chang, 2018-07-29, “The Fate of the Stock Market for 2018 Could Rest on the next few trading Days”

Tags

Related Articles

Close