The 2020 stock market looks just like 2009 — and the S&P 500 is set for a 14% gain if history repeats itself, analyst says (SPY) | Markets Insider

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The 2020 stock market looks just like 2009 — and the S&P 500 is set for a 14% gain if history repeats itself, analyst says

trading activity since its March 23 low is closely tracking the index's price movements back in 2009 when it bottomed during the great financial crisis, according to a note from DataTrek published on Monday.As of June 15, 58 days off the March 23 bottom, the S&P 500 was trading 37.1% higher. Back in 2009, 58 days after the March 2009 low, the S&P 500 was trading 39.4% higher.

The takeaway from DataTrek is this:"The 2020 rally off the March lows has few historical comparables and 2009 is certainly the best fit both in terms of timing and magnitude." Second, sector allocations in the index are different today than they were 11 years ago. In June 2009, the technology sector had a weight of 18.4%. Today, when you include Google and Facebook, the index's weight in technology stocks is 32.0%, according to the note.

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Under which fucking rock you have been lying so far?

😂📉

Actually it doesn’t

Is that analyst on crack?

Just ran into this headline, and wow. It’s in the same category as those people who see Jesus’ face on toasts. Just a reminder: when you find two unrelated charts that look similar in the past, that predicts absolutely nothing about the future.

“analyst says” imagine writing for business insider

jajajajaja

Only if you were born in 2010- idiot headline....

No. My God no.

Absolutely FakeNews

😂

lol so much can be said about that ignorant headline 😊

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