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Stocks Bullish Momentum to Continue in 2020 if History Is Any Guide

Old_Skeet
edited January 2020 in Off-Topic
KEY POINTS

Stocks are on pace to log their best year of gains since 2013, and if history serves as a guide, the bullish momentum should continue throughout 2020.

The S&P 500 jumped about 29%, logging 35 record closes, with the tech, financials and communication services sectors leading the way.

The S&P has had similar gains of at least 25% in a year on six other occasions. Following those moves, the trend continues with the index adding another 15% on average the following year, trading positively 100% of the time.

https://www.cnbc.com/2019/12/31/stocks-bullish-momentum-to-continue-in-2020-if-history-any-guide.html

Comments

  • MikeW
    Thanks Old Skeet for sharing.
  • MikeMMikeM
    2019 was very much a good year but it definitely was set up on the heals of a terrible end to 2018. If you measure from the 2018 S&P 500 high, around Sept. 21 2018, the market really only climbed 8 or 9% from that peak by the end of 2019. Just some perspective.
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