Business Insider: “Here’s where history says the latest bull market is headed next”
By datatrekresearch in IN THE NEWS
Excerpt from Business Insider quoting DataTrek co-founder Jessica Rabe:
.... "The stock market's current bull rally is likely to be of the slow-and-steady variety if history is a guide, and that means sluggish gains ahead, according to a Wednesday note from DataTrek Research...
...With the S&P 500 having bottomed in mid-October, or 185 trading days ago, it has since rallied 24%, putting it in the slow-and-steady category, according to DataTrek co-founder Jessica Rabe...
"If that analog continues, the index may be mostly flat over the next three months until it anniversaries its October 2022 low. The S&P only gained 1.3% over the next 66 trading days from today when taking the average of our 1990 - 1991 and 2002 - 2003 comparisons," Rabe explained.
It's a similar story for the Nasdaq Composite, which is up about 35% since its bear market low. Rabe highlighted that the gain is closer to the 1990 and 2002 bull markets than the 2009 and 2020 bull markets, which saw gains of more than 60% this far removed from the bottom"....
Full article here on Business Insider.
