History says stocks are looking bullish after a big first half of the year: Morning Brief

In the first half of 2024, stocks leapfrogged the wall of worry to deliver another solid set of six-month returns, leading the S&P 500 — and were green 76% of the time.— paved the way for the two worst-performing second halves of the year in the set, down 21.7% and 18.7%, respectively.

The monthly seasonal pattern turns from lackluster in August — with a 0.4% average gain and 52% loss rate — to outright negative average returns in September and October . In general, historical seasonality patterns only account for up to a third of price returns. Big, unexpected catalysts can quickly tip the scales the other direction — so we can only outline tendencies. But it so happens that stock seasonality studies have generally worked well in this bull market, despite the AI moment seeming sui generis.

"These funds managed to lose value for shareholders even during a generally bullish market," Morningstar analyst Amy Arnott said.Air Canada stock rallied yesterday, but it remains 66% below pre-pandemic levels -- when is it cheap enough to buy? The post Air Canada Stock: Buy, Sell, or Hold? appeared first on The Motley Fool Canada.Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand.

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