Bank of America technical analysts like S&P 500 through to the end of the yearIn 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
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Bank of America technical analysts like S&P 500 through to the end of the year (https://www.forexlive.com/stock-market-update/bank-of-america-technical-analysts-like-sp-500-through-to-the-end-of-the-year-20241028/)
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