I sure do. There have been 26 big January's (a gain in the SPX of at least +4%) since 1930. The average SPX performance in February following a big January is 1% with gains 65.4% of the time. However in the modern era since 1950 that number dips just a smidgen to +0.80%. Still not too shabby at all! March has been even stronger, up 73.1% of the time with an average gain of +1.60%. The following 11 months and full year are also put up pretty respectable numbers which really improved after 1950. The SPX went up 95% of the time with a +15.20% average advance following big January's like this. The full year performance was perfect since 1950, up 100% of the time with an average move of +22.50%. Pretty impressive. Here is a table courtesy of Stock Trader's Almanac-
Whelp, that SPX streak w/o a -3% pullback is still alive (for now). As of today's close we are now 448 days in since the last -3% pullback on the SPX. By far the most on record now.
Good Thursday morning to all. Happy first trading day of February! The pre-market thread has been posted- <-- click there to read! Hope everyone has a great trading day in here today!
Big afternoon coming up with lots of heavy tech hitters on deck... AAPL, AMZN, and GOOGL all reporting after the close today.
Treasury yields continue to rise If we get a strong jobs report tomorrow then it might be actually bad news for the market
well....that TL finally broke and sent markets lower last night...I bet @internationalstocks is happy...lol All this over "interest rates"?....LMAO! I think it was just another excuse to hit stops on the way down to load up for another ATH in a few weeks.... then repeat the "sky is falling" thing again, but we'll see.... We need @Onepoint272 or @Rock Sexton to do a Wyckoff chart on the S&P....
