Anthony Scaramucci highlights a bullish stock market signal that suggests the bear market is finally over
Looking at the S&P 500 since 1950, SentimentTrader applied the following parameters: that the index experienced a more than 20% decline , and that the index then went on to trade above its 200-day moving average for 18 consecutive days.The S&P 500 traded higher three, six, and 12 months later 100% of the time, with a median gain of 6.3%, 11.1%, and 19.9%, respectively.The S&P 500 never went on to make new lows, or even test its bear market low.
The thee prior times the S&P 500 generated this bullish signal was July 2020, August 2009, and May 2003, all dates that ultimately proved to be a good time to buy stocks.
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