Chances are good the stock market could hit a few bumps as December gets underway, but any pullback should be slight.
The S&P 500 is up 25.8% year-to-date. In years when it has gained 20% or more by Thanksgiving, it usually ends the year even higher, but not significantly higher, adding another 1.8% on average, according to Bespoke. There have been 22 such instances, and the S&P has gained in those post-Thanksgiving periods 77% of the time
"Anything could happen to trade or some external event that we have no idea about," said Sluymer. "The call is to stay long through year end, into the middle or later part of the first quarter." "The place to focus in the past three days was the small caps. If you focused on it a month ago, you made no money. If you focused on it for the last three days, you made some alpha," he said. The Russell 2000 is up 2.7% for the week so far, outpacing the S&P's 1.2% rise and even the Nasdaq's 2% gain.Redler said more than an overall pullback, he's expecting different sectors to continue to reverse course.
was up more than 3.2% for the week-to-date, on track for its nine straight week of gains, which would be the best winning streak since May, 2013.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
It's not just trade hopes fueling the U.S. stocks rallyWall Street stocks have leap-frogged over a host of concerns, including a stall ...
Lire la suite »
Global stocks nearing record highs on trade hopesWorld shares made another push for an all-time high on Wednesday after U.S. Pres...
Lire la suite »
Further to run for global stocks, but trade salve needed: Reuters pollThe global stock market rally has further to run in 2020, according to analysts,...
Lire la suite »
Asia stocks set to trade higher; Alibaba to make blockbuster debut in Hong KongStocks in Asia were set to trade higher at the open on Tuesday following record finishes overnight on Wall Street.
Lire la suite »
Stocks making the biggest moves after hours: CVS Health, Nutanix, Palo Alto Networks and moreStocks making the biggest moves after hours: CVS Health, Nutanix, Palo Alto Networks & more
Lire la suite »
Cramer: Recent mergers show stocks are not as expensive as people thinkIf stocks were actually overpriced, there would not be as much merger and acquisition activity, the 'Mad Money' host says.
Lire la suite »