Market bulls will be emboldened by a bullish signal that’s about to flash—and has never been wrong. Sam Stovall, Chief Investment Strategist at CFRA, notes that one indicator he follows is about to get triggered. He notes that, since 1945, there have been 27 years when the S&P has achieved gains in both January and February. The stock index then finished up for the year (on a total-return basis) in every single one of those years. According to Stovall, that’s going 27 for 27, or batting a thousand. The average rise in those years was a way-above-average +24% according to Stovall’s research. While a heck of a precedent, past performance is no guarantee of future results!
Bull signal that bats a thousand
| February 27, 2017