Investors Almanac: February has been the S&P 500’s Weakest Month
$DIA, $SPY, $QQQ, $VXX,
Over and during the past 40 years, February has been the S&P 500’s weakest month within the generally strong November to April frame.
In that frame stocks have risen only 0.06% in the average February, according to the data
Febraury has been the most dangerous month for stocks in years after elections. In the post election Februaries since Y 1977, the S&P has fallen by 1.85% on average.
Notably, the US stock market has gone 75 days without a daily decline of 1% or more. So, we can expect it at any time.
Some guru’s expects the S&P to fall 3 to 6% in the weeks ahead, such a dip would serve as a “welcome buying opportunity,” they say.
A pullback will be very healthy in here I believe. Though, there will be outlandish cries that the Sky is Falling on US President Trump’s honeymoon rally.
I expect that the US economy will grow under President Trump, and there is going to be a lot more money to spend.
Wednesday, the S&P 500 finished Flat to Unchanged while the NAS Comp (+0.5%) and DJIA (+0.1%) ended modestly higher due to a huge move in shares of Apple (NASDAQ:AAPL) 129.92, +8.57, +7.1% following its F-Q-1 earnings report, which revealed record revenues, earnings, and iPhone sales.
Volume: Trade on the NYSE came in at: N/A
- Russell 2000 +0.2% YTD
- DJIA +0.7% YTD
- S&P 500 1.8% YTD
- NAS Comp 4.8% YTD
|HeffX-LTN Analysis for DIA:||Overall||Short||Intermediate||Long|
|Bullish (0.27)||Neutral (-0.06)||Bullish (0.28)||Very Bullish (0.58)|
|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Neutral (0.16)||Neutral (0.07)||Neutral (0.23)||Neutral (0.19)|
|HeffX-LTN Analysis for QQQ:||Overall||Short||Intermediate||Long|
|Bullish (0.47)||Bullish (0.35)||Very Bullish (0.54)||Very Bullish (0.53)|
|HeffX-LTN Analysis for VXX:||Overall||Short||Intermediate||Long|
|Bearish (-0.39)||Bearish (-0.36)||Very Bearish (-0.71)||Neutral (-0.11)|
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