Bullish sentiment for the market until the end of the year?
According to a historical analysis conducted by Jay Kaeppel, a senior analyst at SentimenTrader, the stock market may maintain a positive trend?
Looking at past data since 1920, 42 instances were found where the S&P 500 index rose by more than 10% by the end of October, exactly like this year.
The data shows that in 86% of cases, in the following two months the index continued to rise, with a median increase of 4.4% and an average of 4.2%.
In other words, history indicates that a strong year-end is not an unusual phenomenon, but rather a recurring pattern in strong markets.
If history repeats itself, the last quarter of the year may continue with a positive trend?