".. DOES SELL IN MAY WORK? .. 6-month stretch from May to October known for weak $SPX performance has been positive in 8 of the past 10 years from May-Oct, with an average return of +4%."
- B of A desk
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Carl Quintanilla
carlquintanilla
CFRA: ".. with the S&P 500 closing back above its 50-day moving average, many wonder if the 22 calendar-day, 5.5% pullback from March 28 through April 19 has run its course. If so, history suggests a 6% gain above the prior high before slipping into another decline of 5% or…
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Ryan Detrick, CMT
RyanDetrick
Here are 3 reasons to expect this bull market to continue and the economy to surprise to the upside.
1️⃣S&P 500 forward 12-mo EPS started yr at $245, but is now up to $254.
2️⃣Profit margins continue to move higher, surprising all the calls for pressure here.
3️⃣ Record CAPEX pic.twitter.com/N1x4VtJGlP