CNBC: “Why market timing doesn’t work: S&P 500 is up 14% this year, but just 8 days explain the gains”

CNBC: “Why market timing doesn’t work: S&P 500 is up 14% this year, but just 8 days explain the gains” - DataTrek Research

Trial DataTrek Morning Briefings for Free

Thousands of investors and financial journalists rely on Nick and Jessica’s newsletter every day for their thought-provoking work on markets, data and disruption. See why for yourself by starting a 2-week FREE trial below.

By clicking submit, you agree that you have read and understand our Terms of Service, Subscription Agreement, and Privacy Policy, and hereby agree to be bound by them.

CNBC: “Why market timing doesn’t work: S&P 500 is up 14% this year, but just 8 days explain the gains”

By datatrekresearch in IN THE NEWS CNBC: “Why market timing doesn’t work: S&P 500 is up 14% this year, but just 8 days explain the gains”

Excerpt from CNBC quoting DataTrek co-founder Nick Colas:

.... "Nicholas Colas at DataTrek notes that there have only been 11 more up days than down days this year (113 up, 102 down) and yet the S&P 500 is higher by 14% year to date.

How to explain that the S&P is up 14% but the number of up days is about the same as the down days? Just saying “there’s been a rally in big cap tech” does not quite do justice to what has been happening.

Colas notes there are eight days that can explain the majority of the gains, all of them related to the biggest stories of the year: big tech, the banking crisis, interest rates/Federal Reserve, and avoiding recession"....

Full article here on CNBC.

Trial DataTrek Morning Briefings for Free

By clicking submit, you agree that you have read and understand our Terms of Service, Subscription Agreement, and Privacy Policy, and hereby agree to be bound by them.