S&P 500 rose 6.2% in January. Board range of sectors participated in January's rally. S&P 500 January's gain coincide with rise of the market 83% of the time for the rest of the year. With historic average subsequent 11 months gain of over 11%. However, that 11% jumped to an average of 23.1% if that January is after a down year which would apply to the current market. Moreover, the Golden Cross pattern formed this past Thursday which historically produced an average 12-month return of 10.5% in S&P 500. However, this jumps to 16.8% when the golden cross appeared as the 200-day moving average is declining as it is now. The recent upside volume, risk appetite metrics, rally led by a board range of stocks rather than a cluster of heavyweights have not been seem in 2022. The bear thesis would be the recent weak outlooks from corporate heavyweights and the blowout employment number. Investment is a matter of risk management and ultimately we are responsible for our own investing strategy. Is this the tipping point of the turn around we are looking for? Only the future of the market can tell, but how long are you willing to stay at the sideline? Risk comes with rewards and possible penalty from your own investment decisions. Best of luck to all the investors! https://www.reuters.com/markets/us/wall-st-week-ahead-signs-market-strength-cheer-us-stocks-bulls-2023-02-04/ submitted by /u/Progress_8 [comments]
