Yahoo Finance: “S&P 500 posts best three-month start to the year since 1998”By admin_45 in IN THE NEWS
Excerpt from Yahoo Finance quoting DataTrek co-founder Jessica Rabe:
.... "Even after their strong start in 2019, stocks could still have further to rise in the coming months, based on historical precedent.
The S&P 500’s 7.9% rally this January was one full standard deviation above January’s average return of 1.2% since 1958, Datatrek co-founder Jessica Rabe pointed out in a report. In the eight years ahead of 2019, whenever the S&P 500 returned more than one standard deviation above average in January, the index rose an average of 2.2% in April and was positive in 60% of those years. And in May of those years, the S&P 500 advanced an average of 1.9% and was positive 75% of the time"....
Read the full article here on Yahoo Finance!