As investors look back after a brutal year for markets, many are asking themselves the same question: was there anything we could have done to sidestep a...
As investors look back after a brutal year for markets, many are asking themselves the same question: was there anything we could have done to sidestep a selloff that began early in the first quarter? As it turns out, the signs were there, according to Sam Stovall, chief investment strategist at CFRA Research.
“A 2021 full-year gain for the S&P 500 in excess of 20%, followed by a decline in the first two months of the year, implied that a digestion of gains was underway and that the typical correction averaged 11%,” he said in a note to clients on Tuesday. The ‘Santa Claus rally’ As MarketWatch’s Vivien Chen reported over the weekend, history suggests that U.S. stocks typically finish higher during the “Santa Claus rally” period that encompasses the last five trading sessions of the year, plus the first two trading sessions of the new year. This year, the period began on Friday and will continue through Jan. 4, 2023.
“The S&P 500 rose in price during the first five days of the new year 67% of the time, resulting in an average annual gain of 12.9% and an 82% [frequency of advance]. A negative reading for the first five days resulted in a flat annual gain and an unimpressive 54% [frequency of advance],” he added.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scooters could make a return on Dallas streets in early 2023: 5 things to knowThe current plan is for electric scooters to return to Dallas by the middle of February, but the actual date is still being finalized, according to the city.
Read more »
Get a glimpse of the One Plus 11 with these official imagesOnePlus' flagship for 2023 will launch on February 7th, 2023.
Read more »
20 Great Stock Ideas For 2023 From Top-Performing Fund ManagersForbes spoke with ten top fund managers. Here are their best stock ideas for the coming year.
Read more »
New corporate stock buyback tax poised to take effect in 2023: What to knowThe 1% tax on share repurchases passed by Democrats earlier this year begins in January, but many companies say they remain unfazed by the new penalty.
Read more »
Invest in Yourself the Way You’d Invest in the Stock Market in 2023From learning new skills to cultivating relationships, investments of time and money now can pay off in the years to come.
Read more »
Marvel's Big Plans For The Avengers In 2023 (Spoilers)This week's Timeless sees the latest adventures of Kang spotlighting other aspects of the upcoming Marvel Universe in 2023, as the previous volume had
Read more »