THE NEW YORK KNICKS OF ODDSTATS
Correct. This SPX stat is a clean sweep. Check this out.
CONGRATULATIONS! The S&P 500 (SPX) has just hit 7530.05, and the index is up exactly +10.0% over last year's close.
So what?
Well, you may or may not know that
▶ Since the S&P Index went to 500 stocks in 1957
▶ Any year where the index was up at least 10.0%
▶ At literally any point during the year
▶ SPX finished positive for the entire year (43/43)
▶ Calendar years that never reached +10% mid-year end negative 73% of the time, with a -8.0% average annual return
If you look at the chart below, you can see that the earlier in the year you get to +10% for the first time, the better a year tends to be overall, which makes perfect sense.
Is this year different? Be sure to let me know in the comments because my doctor has suggested I spend at least 30 minutes per day rolling my eyes and muttering.
@Joy678320811181@johnbarker@UnicusResearch Disagree, look at the time post Industrial Revolution, massive civil uprisings everywhere on some ways it lead to our own civil war. Things will get ugly before things get better.
The jobs that the Industrial Revolution created weren’t immediately available it took decades for them to appear. So people entering peak earning years losing their jobs aren’t going to get an immediate replacement. The time following the Industrial Revolution was not very kind to most people. Over time yes this will be great, short term no bueno.