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Thursday, May 23, 2024 7:25:45 PM
Market Strength Fading Post Memorial Day
By: Almanac Trader | May 23, 2024
The week after Memorial Day performed quite well from 1971 to 1995. DJIA & S&P 500 up 68% of the time, averaging 0.8% – DJIA up 12 in a row 1984-95. NASDAQ was up 72% of the time, average 0.6%, up 10 straight 1986-95. Since 1979 Russell 2000 was up 88.2% of the time, average 0.9%, up 13 straight 1983-95.
Starting in 1996 the week after Memorial Day performance diminished. DJIA was up only 42.9% of times, average +0.05%, down 9 of last 14. S&P 500, NASDAQ and Russell 2000 all gained ground less than 58% of the time. Monstrous NASDAQ and Russell 2000 gains during the week in 2000 do skew the averages.
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DiscoverGold
By: Almanac Trader | May 23, 2024
The week after Memorial Day performed quite well from 1971 to 1995. DJIA & S&P 500 up 68% of the time, averaging 0.8% – DJIA up 12 in a row 1984-95. NASDAQ was up 72% of the time, average 0.6%, up 10 straight 1986-95. Since 1979 Russell 2000 was up 88.2% of the time, average 0.9%, up 13 straight 1983-95.
Starting in 1996 the week after Memorial Day performance diminished. DJIA was up only 42.9% of times, average +0.05%, down 9 of last 14. S&P 500, NASDAQ and Russell 2000 all gained ground less than 58% of the time. Monstrous NASDAQ and Russell 2000 gains during the week in 2000 do skew the averages.
Read Full Story »»»
DiscoverGold
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