RE: 125 break point...1 Nov 2022 14:42
November historically one of the strongest months for stocks
The new month of trading kicks off Tuesday and if history is any guide, expect solid gains.
“November has historically been one of the strongest months of the year for U.S. stocks,” wrote B. Riley Financial’s Art Hogan in a note to clients Tuesday. “The S&P 500 has experienced an average gain of 0.82% with positive returns 69% of the time, according to data going back to 1983.”
Over the last decade, the S&P has posted a median gain of 1.26% in November and a positive month nine times, Hogan said.
October, he noted, is typically viewed with apprehension given its reputation as the month for stock market crashes, but it tends to outperform during midterm election years.