In the process, the S&P 500 and Dow industrials are once again rattling the cage on record territory. Resistance matching the December peaks, around S&P 2,472 and Dow 24,666, is currently under siege.
Against this backdrop, the U.S. benchmarks’ latest slow-motion breakout attempt is underway. Technical targets project to the S&P 2,705 and Dow 24,970 areas.
Fueled bу an investor appetite for liquid alternative investment strategies, hedge fund conversions have been a growing trend over the last few уears. With growing concerns about hedge fund returns
Consider that the S&P 500 and Dow industrials have registered consecutive record closes, though narrowly, and both benchmarks are vying to build on statistically unusual November breakouts.
The benchmark index has returned 20.7% this year through Dec. 8, with dividends reinvested. Here’s how the S&P 500’s sectors have performed:
In the process, the S&P 500 and Dow industrials are vying for consecutive record closes, while the Nasdaq Composite has extended its rally from trendline support.
The 1,015 Americans Gallup surveyed in early November, who had at least $10,000 to invest outside retirement plans, were particularly optimistic about the economy, the stock market and employment. Retirees, who comprise one-third of the sample, were even more hopeful than the two-thirds of those surveyed who were still working.
Let me hasten to add that I am not saying that interest rates don’t matter. They of course do. But if you accept that the Fed will be raising rates sooner or later anyway, the question we then sh
Against this backdrop, the S&P 500 is quietly challenging its record close (2,647.58), a move punctuating this week’s relatively shallow pullback from uncharted territory.
That at least is what I found upon feeding into my PC’s statistical package the yearly returns for the Dow Jones Industrial Average since it was created in 1896. Of the 119 calendar years since then, the stock market has risen 78 times — or 65.5% of the time, on average. Following calendar years in which the stock market rose, in the next calendar year it rose in a statistically equivalent 65.4% of the time.