This chart from @fundstrat is pretty amazing. Stock market bottoms in the pandemic timed up ahead of peaks in COVID hospitalizations:
- 4 prior COVID waves
- S&P 500 bottomed 12 days ahead of hospitalization peak at the median
- Extending that model, S&P 500 has already bottomed
What's going on with the #Crypto 4Q rally this year? and is a Santa rally possible here, similar to what could happen to stocks? Both peaked around 11/8 and stabilization has proven "Touch & Go" of late- Read #Fundstrats Crypto report daily where i add my Technical Flavor
Grateful to be a part of the Fundstrat family ๐๐ผ๐๐ผ๐๐ผ. A huge thanks to @fundstrat@MarkNewtonCMT for all the hard work that is put in #Grateful
Backtest: 9 times past 20 years when $SPX was up 7 days in a row (10/21) and 3 weeks in a row (10/22) within a week of each other. 9/9 up 90 days later, avg 6.0% return. Similar final results over past 10 years. Data:
20: https://t.co/ruNUmusQvB
10: https://t.co/Siyuxupxlt