This past week's update is coming to you a few days, but here it is:
Corporate earnings are underway, and in our view, investors are going to be looking at this for a positive boost to the markets.
An interesting statistic is that 82% of the time since 1950 when the first five days were positive for the stock market, the S&P 500 index ended the year higher with an average gain of more than 13%.
Guggenheim, a world-renowned money manager came out saying that a combination of a Fed pause, decent earnings growth, and a modest recovery in price/earnings multiples will likely push the S&P 500 index to new highs.
We may see the stock market potentially reach new highs from where we were last year!
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The statistic that 82% of the time since 1950 when the first give days were positive for the S&P 500 index, we ended the year higher with an average gain of more than 13% was in reference to the Stock Trader’s Almanac post. An index is unmanaged, does not reflect management or trading fees, and one cannot invest directly in an index. The statement about the S&P 500 index reaching new highs from a combination of the Federal Reserve pausing interest rate hikes, decent earnings growth, and a modest recovery in price/earnings multiples was in reference to Guggenheim Partners’ publication titled, “10 Macro Themes for 2019.”