In a note to clients Monday, analysts at Argus assessed whether April is a good month for stocks, noting that the average gain for theAs a result, the firm revealed that April is, in fact, the second-best month of the year for stocks.
"We note that market returns in April have exceeded 5% on eight occasions since 1980, including a 9.4% gain in 2009 , a 12.7% surge in 2020 , and a 5.1% gain in 2021 ," Argus wrote.Argus explained that last year, stock prices in April increased 0.9%, noting it is a busy month on Wall Street as companies report first-quarter results.
"This year, 1Q earnings are expected to grow for the third consecutive quarter as the economy continues to expand," added the firm."As long as interest rates remain under control, stock investors may be able to build off their 1Q gains."Still prices of stock are way inflated. Retail investors are in no position to keep up with the overbought conditions.
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