CNBC: “Stocks head for a rare third-straight year of double-digit returns. What happens next?”By admin_45 in IN THE NEWS
Excerpt from CNBC quoting DataTrek co-founder Jessica Rabe:
.... "Jessica Rabe, co-founder of DataTrek Research, noted last week that 2021 will almost certainly be the third straight year of double-digit S&P returns. Such a three-year streak has happened nine times before. In the year following those streaks, the index rose five times and fell four times – a lower win rate than all years.
Yet the average S&P return across all the up and down years was 8.4%, with the five winning fourth years averaging 25% and the four losers averaging a 7% loss"....
Read the full article here on CNBC!