The season's upon us
Main U.S. indexes rise; Dow out front, up ~0.6%
Utilities lead S&P sector gainers; Energy sole loser
Dollar, gold slip; crude down >5.5%; bitcoin up >1.5%
U.S. 10-Year Treasury yield jumps to ~4.29%
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THE SEASON'S UPON US
November marks the start of the "best six months" strategy by the Stock Trader's Almanac, which says that investing in the Dow Industrials .DJI between Nov. 1 and April 30, then switching to fixed income for the other six months "has produced reliable returns with reduced risk since 1950."
According to the Almanac, those six "best" months saw the Dow rise 26,249.55 points versus 7,634.28 in the other six May through October months. For the S&P 500 .SPX, the benchmark index climbed 3,018.83 points in the "best" months compared with 1,132.58 in the "worst" six months.
Sam Stovall, chief investment strategist at CFRA Research in New York notes the S&P recorded its highest average price return and frequency of advance during the "best" six months, with the weakest average performance in the other six.
While the S&P rose an average of almost 7% during the "best" months, it gained only 2% during the lackluster period.
However, in this year's "worst" six months, Stovall said the S&P 500 "didn't miss a beat" as it jumped slightly more than 15% from the end of April through Oct. 25, on top of the jump in the prior period from November through April timeframe.
This has led some investors to question whether the market has "used up its energy reserves and may be headed for tough times," said Stovall.
At least according to history, that has not been the case, as Stovall notes that of the dozen prior times the S&P has gained more than 10% in the "worst" period through the end of October, the subsequent "best" period saw an average rise of 13%, gaining ground 92% of the time.
In addition, there have been five times since 1945 the S&P has posted double-digit gains in both the "best" and "worst" time periods, rising 80% of the time in the following "best" period, with an average rise of 11%.
(Chuck Mikolajczak)
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FOR MONDAY'S EARLIER LIVE MARKETS POSTS:
WITH ELECTION DAY NEARING, MARKETS FOCUS IN ON TWO LIKELY OUTCOMES - CLICK HERE
FASTEN YOUR SEAT BELTS: THIS WEEK'S ECONOMICS - CLICK HERE
U.S. HOUSING MARKET'S AGONY COULD SEE SOME RELIEF NEXT YEAR - CLICK HERE
CRUDE OIL FUTURES: DRILLING DOWN TO SUPPORT, IS IT SOLID? - CLICK HERE
UK MOTOR FINANCE RULING HITS EXPOSED LENDERS, ANALYSTS CRUNCH NUMBERS - CLICK HERE
EU BEVERAGES MAY BE FACING A NASTY HANGOVER ON NOV. 6 - CLICK HERE
WHY DID THE NIKKEI FINISH HIGHER ON MONDAY? - CLICK HERE
INVESTORS SEE FRENCH AND GERMAN STOCKS AS EUROPE'S 'WEAK LINKS' - JPM - CLICK HERE
AIRLINES LIFT EUROPE AS OIL PROVIDES DRAG - CLICK HERE
EUROPE BEFORE THE BELL: SCREENS FLASH GREEN - CLICK HERE
EVENT RISKS GALORE THIS WEEK CLICK HERE
Aset Berkaitan
Berita Terkini
Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
