News Formal

The stock market will hit record highs by the end of the year based on Goldilocks scenario, Bank of America says

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

In years when the stock market is up 10%-20% heading into September, market returns are positive 65% of the time during the month.

Caspar Benson/Getty ImagesWhen stocks are up 10%-20% heading into September, the month's returns are positive 65% of the time, BofA said.The stock market is in a Goldilocks scenario that could make conditions just right for record highs before 2023 is over.technical analyst Stephen Suttmeier, the S&P 500 is entering September in a promising middle ground.

Since 1928, stocks are up only 44% of the time in September with an average and median return of -1.16% and -0.49%, respectively. Additionally, in the same Goldilocks scenario as outlined above, the stock market returns an average and median gain of 7.57% and 8.17%, respectively, and is up 91% of the time from September through December.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US Stocks Still Face Hard Landing Risks, Bank of America SaysThe Federal Reserve may very well be done hiking rates for now, but US stocks still face a pullback from the risk of a hard economic landing, according to Bank of America Corp. strategists.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

U.S. stocks still face hard landing risks, Bank of America saysThe Federal Reserve may be done hiking rates, but US stocks still face a pullback from the risk of a hard economic landing. Read more.
La source: fpinvesting - 🏆 43. / 63 Lire la suite »

U.S. stocks still face hard landing risks, Bank of America saysThe Federal Reserve may be done hiking rates, but US stocks still face a pullback from the risk of a hard economic landing. Read more.
La source: financialpost - 🏆 7. / 85 Lire la suite »