Back to www.cobrasmarketview.com |
fehro wrote:In this historic, for global markets, year we are fast running out of things "the market has never done before."
For today's entry we go to Deutsche Bank's Jim Reid who looks at the S&P's performance in the month of October, and writes that the broad index, which ended the supposedly most volatile month of the year 2.33% higher (with the lowest October realized vol on record) finished with a positive total return, meaning that the index has now seen a positive total return for all 10 months so far this year, the first time that this has happened in the 90 years Deutsche Bank has data for.
It's not just 2017, however, becase as Reid notes, "if you go beyond the calendar year end, October now marks the 12th positive month in succession which equals the record set in 1949-1950 and 1935-1936.
" In other words, the S&P has NOT had a single month of negative total returns since Trump was elected almost exactly one year ago.
http://www.zerohedge.com/news/2017-11-0 ... never-done
fehro wrote:In this historic, for global markets, year we are fast running out of things "the market has never done before."
For today's entry we go to Deutsche Bank's Jim Reid who looks at the S&P's performance in the month of October, and writes that the broad index, which ended the supposedly most volatile month of the year 2.33% higher (with the lowest October realized vol on record) finished with a positive total return, meaning that the index has now seen a positive total return for all 10 months so far this year, the first time that this has happened in the 90 years Deutsche Bank has data for.
It's not just 2017, however, becase as Reid notes, "if you go beyond the calendar year end, October now marks the 12th positive month in succession which equals the record set in 1949-1950 and 1935-1936.
" In other words, the S&P has NOT had a single month of negative total returns since Trump was elected almost exactly one year ago.
http://www.zerohedge.com/news/2017-11-0 ... never-done
brokebybernacke2 wrote:fehro wrote:In this historic, for global markets, year we are fast running out of things "the market has never done before." …...
yup, up and up, there will be no bears when she decides to fall.. 2600 here we come...im sticking with my sp 2666 call, sadistic 4x low creepy number top prediction
True, but not at all rare on the first day of a new month-- especially in the market's Good Dow six months. Also, as Cobra noted yesterday, Wednesday is currently manifesting as a strongly bullish day of the week. Also, gaps above recent highs tend to run.Denali92 wrote:Pretty rare to have unfilled up gaps on Fed day.