INSUBCONTINENT EXCLUSIVE:
stocks in 2019 seemed like a never-ending ordeal of volatility and confusion
market in which it was easier to sit quietly and hold equities than this one
While it has felt like a bumpy ride, the S-P 500 has climbed on 58.9 per cent of days this year, an almost unheard of proportion.
Two
stretches explain the data
First was January and February, when -- after nearly dying at Christmas -- the bull market roared back via the biggest quarterly rally in a
Money has rushed out of equities and into bonds all year long as recession fears rang and tariffs lashed markets
All good things must come to an end, so the saying goes, and scars from the financial crisis are still evident over a decade later
decline of 1 per cent, the longest streak since January 2018
Inside of three months, the benchmark has jumped 9 per cent, gaining in eight of the last nine weeks
With 139 days colored green, the frequency of gains is 5 percentage points higher than the average over the last 25 years.
An environment of
Gains have been too uniform, too robotic
There was a moment in late November when the S-P 500 had been up over the previous one, two, four, eight, 12, 26, 39, and 52 weeks
similarly steep ascents only three gave way to a 10 per cent correction at any point in the year that followed.
Ned Davis, of the namesake
research firm, compared the most recent run to so-called blow-offs of bull markets past and found that the pace of gains since mid-August
The latest run strikes Michael Antonelli, market strategist at Robert W
Baird - Co, more as a break-out from a period of consolidation.
Tracie McMillion, the head of global asset allocation strategy at Wells
Fargo Investment Institute, has a similar view
You typically see everyone wanting to move into the markets
this week, after the benchmark surged 1 per cent Friday on the back of a better-than-expected jobs report
With the S-P 500 up 26 per cent this year, the second best gain this decade, investors now turn to a Federal Reserve meeting next week and
investment officer of CIBC Private Wealth Management, which oversees roughly $60 billion
