The stock market is about to do something for the first time since 1982 — and it’s bullish
|12/23/2016||Posted by BusinessMediaguide.Com under General World News||
The S&P 500 has had a very volatile year.
That puts the benchmark index on pace for what technical analysts describe as an outside year. This means the index’s yearly range has a higher high and lower low than the previous year and closes above the previous year’s high.
This has not happened to the S&P 500 since 1982, and occurred only once before then, in 1935. The 10-year yield is also on the verge of an outside year.
Whenever this happens, technical strategists consider it a bullish sign for the following year.
Back in June, Citi strategists previewed the implications read more >>>