Stocks Analysis by Investing.com (Calogero Selvaggio) covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Investing.com (Calogero Selvaggio)'s latest article on Investing.com
This is supported by the fact that the MACD indicator has registered a bounce off the trend line created from Oct. 2022 low, triggering a buy signalThis breakdown underscores the leaders and laggards in the current market cycle. The underperforming stocks are those that have struggled to keep up and may not be the best bets for the upcoming uptrend. In fact, the disappointed investors right now are most likely those who got stuck in the wrong stocks and sectors.
This level is significant as it coincides with the origin of a bullish trend starting from the October 2022 lows and the 200-day moving average based on the trendline drawn.Focusing on the Moving Average indicator, which combines momentum and trend, it has registered a bounce off the trend line created from the lowest level since October 2022, triggering a buy signal.
Statistically, given the conditions previously outlined, the U.S. index has delivered returns of 8.8% in six months, with the potential for even more robust performance exceeding 15% in the span of 12 months. With numerous variables influencing the stock market's momentum, remaining vigilant is prudent. Historical trends have shown that the"unintended" consequences of monetary policies tend to materialize over the long term.
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