Stock Trader's Almanac says investors should remain calm and is calling for stock gains of 10-15% this year
The Stock Trader's Almanac issued an update to their 2023 market outlook and the message to investors is clear "remain calm" amid the uncertainty witnessed over the past few weeks. While the group is pulling back from its most bullish scenario for the year, they still expect gains of 10-15%. Currently, the S&P 500 is up 3.15% year-to-date.
September, historically, the worst month of the year for the US stock market
LNew York, September, which begins on Thursday, is historically the worst month of the year for the US stock market
First five days’ indicator, which has a solid track record at predicting year, off to good start
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First trading day of 2023
Stocks jumped to a record on the first trading day of 2020, and if the rally extends to the next four sessions, the market could be in for another good year going by an old Wall Street indicator.
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