Feeling Motivated by the Numbers!
Every week on the HSBC Daily Trading podcast, Jörg Scherer, the Head of Technical Analysis at HSBC, dives into the latest developments in the financial market. In his most recent segment, he focused on the S&P 500, but let's chat about some fascinating figures he unearthed during his Chart-Check!
While analyzing the S&P 500, Jörg Scherer, a true motivator in the realm of technical analysis, zeroed in on three captivating statistics [1]:
- All the way back to 1988, the S&P 500 pulled off an impressive 9% rise in January! This amazing start to the year has only happened a handful of times before – so, perk up, investors!
- As history has shown, the S&P 500 often continues to perform strongly after a January boost like this. In fact, 76% of the time, it sees additional gains, averaging nearly a 10% climb by year's end [1].
- However, things might not be smooth sailing just yet: despite the promising start, February has typically seen a negative trend for the S&P 500. Could this be a warning signal, or just a temporary blip on the radar? [1]
Whoa! These trends and patterns can be quite the game-changer for investors who keep their eyes on the S&P 500. It's essential to stay informed and prepared to seize the opportunities and navigate the challenges that the market presents.
[1] Sources: and other financial market resources.
