All Eyes On The Next 5 Trading Days admin
“Now, we realize that there’s still another week left to go in July but barring an epic collapse in the last five trading days of the month, this will mark the fourth straight monthly gain for the S&P 500” – Bespoke Investment Group
Published By: N. Romanova Date: 26th of July 2018
One of the hidden sayings in the business world is “respect the market”, the economy is like a snake gentle and beautiful in nature but if you disturb the snake then be prepared to face its wrath.
Analysts speculated that if the market gains from April to July fall thru then we can end the year with a high note as its looking good for S&P 500 thus far.
Over the last three months the index rose from 0.3% to 0.5% in June and nearly 4% for July we can forecast a steady economic expansion even with fears of the on-going trade war lingering in the market.
Confidence seeing that earnings have bumped up more than 20% this second-quarter, a blend of economic data suggest that the odds of the S&P 500 SPX, +0.48% month to gate possibly ending July on a high note.
What the market says
Let’s take a recap in which the market rose over the last 12 years from April to July which sees an average annual gain of 1.8%, according to Bespoke.
What if S&P 500 does perform up to expectations and finishes off July in the green, this will not only end the year on a high note but also leave tS&P500 ETF SPY, +0.50% positioning a record-breaking longest streak to close above its 200day moving average.