Data compiled by LPL Financial show the S&P 500 has posted gains in the final 10 months of the year in 25 of the 27 times it started a year with back-to-back gains in January and February.
Stocks rocketed higher in the first two months of the year. If history is any indication, equities are primed for further gains moving forward.
The S&P 500 plummeted in December, leading the index to its biggest annual decline since the financial crisis. Fears that economic growth would slow down, along with worries over Federal Reserve monetary policy and U.S.-China trade negotiations, propelled the broad index lower. "Technically and fundamentally and seasonally, things are pretty strong," said Jeffrey Hirsch, editor in chief of the"Stock Trader's Almanac.""Geopolitically, there are still some risks, but the Fed is on pause and that's a positive."
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