I'm guessing the 10% pull back that has been talked about will not materialize given interest rate cuts looming.
27 Oct 2023 was the last pullback in the range your looking at. The average 3-Day -3% pullback is 7.6 a year over the past 5 years which closed positive. But 2017 Closed up 19.42% and had no such 3-Day -3% events.
Those 5 positive years created 38, 3-Day, -3% events, with an average of -5.46%
In comparison, the last 5 negative years had 130, 3-Day, -3% events with an average of -4.96%
My long-winded point, we are going to have less -3% pullbacks during these bull runs, which totally sucks because I'm a bargain hunter and I'm beginning to starve...
I'm guessing the 10% pull back that has been talked about will not materialize given interest rate cuts looming.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
Still no pull back. Strange.
Here is history of the start of the year, vs. the rest of the year.
S&P 500 is up almost 10% so far this year, one of the best starts to a year going back all the way to 1928.
Where will it go next?
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