An Object In Motion
After a miserable January – March, the stock market just posted one of its best 5 month stretches since 1950. (source: LPL Research) A gain of +35.4% for stocks from April – August of 2020.
So what might this mean for the next year in the stock market?
Historically since 1950, the gains after 5 month win streaks is very impressive. 25 out of 26 times, stocks were up even more 1 year later.
To quote Isaac Newton, “An object in motion tends to stay in motion”.
If someone you care about needs help with their financial planning or portfolio management, have them contact me. I will help them. Have a great rest of the week.
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The views expressed herein are those of the author and do not necessarily reflect the views of Raymond James & Associates or its affiliates. All opinions are subject to change without notice. Neither the information provided nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Past performance is no guarantee of future results.
The Standard & Poor's 500 Index is a market capitalization weighted index of the 500 largest U.S. publicly traded companies by market value.
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The investments listed may not be suitable for all investors. Raymond James & Associates recommends that investors independently evaluate particular investments, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment will depend upon an investor's individual circumstances and objectives.
