Bank of America technical analysts like S&P 500 through to the end of the year
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 periodmedian returns of 4% and 4.27% respectivelypattern 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.
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
