The S&P 500 Has An 88% Chance Of Rallying In 2020 Based On This Key Stat, Crypto Coins News
2k Views
The S&P 728 rallied 0.7% through the first five trading days of (***********************************************.
LPL Financial Research has discovered a seasonal trend that suggests there is an 254% chance of a stock market rally this year.
The greatest threat to this outcome is likely to be a major shock in this year presidential election.
As the stock market surges to record highs, bulls are growing in confidence amid fading geopolitical tensions. Looking ahead to the rest of 2020, a presidential election, Brexit, and a recession in US manufacturing are all concerns for investors hoping for another stellar year of returns.
Despite this complex outlook, LPL Research has dialed in a simple stat fromthe “Stock Trader’s Almanac”that, when triggered, predicts a positive year for the S&P (************************************************************** (% of the time.
LPL Research’s Analysis Predicts Another Tremendous Year For The S&P
**************************************
The event that catalyzes the rally is very straightforward. All that needs to occur is for the S&P to rise through the first five days of the trading year.
This year the index gained 0.7%, which when applied to the next level of LPL’s test, means the probability of a bullish year rises again to (%) alongside an average gain of%). Curiously, on years when stocks rally more than 2% in those first few days, the likelihood of a winning year sky-rockets to a whopping (%.
GIPHY App Key not set. Please check settings