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Search resuls for: "Stock Trader's"


6 mentions found


☆ This is a new bull market that could rally further in November, according to the Stock Trader’s Almanac
  + stars: | 2022-10-28 | by ( Jesse Pound | ) www.cnbc.com   time to read: +2 min
Stocks' surprising strength in the face of Big Tech's disappointing earnings could signal the start of a new bull market, according to the Stock Trader's Almanac. Since 1950, the S & P 500 and Dow Jones Industrial Average have averaged a gain of at least 0.9% in each of the next three months, according to the almanac. The Dow, S & P 500 and Nasdaq Composite have all fallen into bear markets this year, defined as being 20% or more below their recent highs. S & P 500 and NASDAQ have not. Further gains will be needed to truly confirm a new bull market," the note said.
☆ Analysis: Recession fears threaten perfect track record of post-midterm U.S. stock gains
  + stars: | 2022-10-27 | by ( Lewis Krauskopf | ) www.reuters.com   time to read: +5 min
NEW YORK, Oct 27 (Reuters) - A potential recession could end a streak of gains for U.S. stocks that has followed every midterm election since World War Two. Since 1946, the S&P 500 (.SPX) has climbed 19 out of 19 times in the 12-month period after midterm elections, according to data from Deutsche Bank. The vote helps clarify the policy outlook regardless of the result because the make-up of Congress is known. November and December rank as the second- and third-best performing months of the year since 1950, with average S&P 500 gains of 1.7% and 1.5%, according to the Stock Trader's Almanac. Meanwhile, the current inflationary environment makes post-midterm fiscal stimulus less likely, another factor that could limit stock gains.
☆ Handicapping whether the stock market is at a turning point after Thursday's upside reversal
  + stars: | 2022-10-15 | by ( Michael Santoli | ) www.cnbc.com   time to read: +8 min
We can at least run through what we know about this market and how market cycles tend to unfold more generally. Fewer individual S & P 500 stocks made a new 52-week low than in mid-June even as the index itself undercut the June low, a modest positive glimmer. The prior extreme lows on this chart were near noteworthy market lows, if not always right at them. The Stock Trader's Almanac notes that of the 23 S & P 500 bear markets since World War II, seven ended in October. The S & P 500 has failed in four tries of since late August even to get above the short-term 20-day moving average, most recently on Friday.
☆ October's wild trading could give way to a new stock rally, as earnings roll out in the week ahead
  + stars: | 2022-10-14 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +8 min
But Emanuel sees the chance for a 17% to 20% rally in the S & P 500. The S & P 500 was down about 0.9% for the week, as of Friday afternoon, and it was hovering just above 3,600. S & P 500 earnings are expected to grow by 3.6% for the third quarter, based on actual reports and estimates, according to Refinitiv. Without the boost from more than doubling profits from energy companies, S & P earnings would decline by 3.1%. Week ahead calendar Monday Earnings: Bank of America , Bank of NY Mellon, Charles Schwab 8:30 a.m.
☆ October is living up to its reputation as a crazy month in which bear markets bottom
  + stars: | 2022-10-14 | by ( Fred Imbert | ) www.cnbc.com   time to read: +2 min
However, this month has also seen the end of more bear markets than any other. Data from the Stock Trader's Almanac shows that, of the 23 S & P 500 bear markets since World War II, seven ended in October, more than any other month. The majority of Dow Jones Industrial Average and Nasdaq Composite bear markets have also ended in October. What's more, there are some signs that the end of this bear market could be near. Indeed, many of the headwinds hurting the stock market aren't going away anytime soon.
☆ 'The best buying opportunity': Why now is a good time to invest, according to a stock market historian
  + stars: | 2022-10-14 | by ( Ryan Ermey | ) www.cnbc.com   time to read: 1 min
If you've looked at your portfolio lately, 2022 may not seem like a "sweet spot" for much of anything. But a "sweet spot" is exactly what Jeffrey Hirsch, a market historian and publisher of the Stock Trader's Alamanac, says investors can take advantage of now. Hirsch sees the market's decline in the first three quarters of 2022 not as a negative but as a potential entry point for investors. That's because since 1946, the S&P 500 has gained an average of 28.2% over the next five quarters after sinking for the first three of a calendar year, with no losses, according to the Stock Trader's Almanac. "We think the market is setting up for the best buying opportunity of the 4-Year Cycle," Hirsch recently wrote on his website.
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