Forex
globalreutersOctober 28, 20241 Mins read
Bank of America technical analysts like S&P 500 through to the end of the year
globalreutersOctober 28, 20241 Mins read In brief, the argument from the analysts at Bank of America is bullish seasonality:
- if S&P 500 is up YTD to end of October (not there yet, but looks likely!) the index is nearly 80% of the time for the November-December period
- median returns of 4% and 4.27% respectively
- pattern occurs even in election years … November and December are even better in these years
This article was written by Eamonn Sheridan at www.forexlive.com.
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