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2021-11-10

It is amazing to hear that S&P500 can hit 5000 as soon as early next year! Let's hope it does for it will really be a MERRY Christmas after all. 🎊🎉🎊

This rare streak could help S&P 500 to 5,000 early next year, BofA says: At the Open

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WarSlasher
2021-11-10
WarSlasher
very kool
- koolgal:
  Sure is coz I'm koolgal!

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Let's hope it does for it will really be a MERRY Christmas after all. 🎊🎉🎊</p></body></html>","text":"It is amazing to hear that S&P500 can hit 5000 as soon as early next year! Let's hope it does for it will really be a MERRY Christmas after all. 🎊🎉🎊","highlighted":2,"essential":1,"paper":1,"likeSize":12,"commentSize":12,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/847584364","repostId":1165249613,"repostType":4,"repost":{"id":"1165249613","pubTimestamp":1636467213,"share":"https://www.laohu8.com/m/news/1165249613?lang=&edition=full","pubTime":"2021-11-09 22:13","market":"us","language":"en","title":"This rare streak could help S&P 500 to 5,000 early next year, BofA says: At the Open","url":"https://stock-news.laohu8.com/highlight/detail?id=1165249613","media":"seekingalpha","summary":"The S&P 500 could extend a winning streak that's happened only 1.3% of the time in Wall Street's his","content":"<p>The S&amp;P 500&nbsp;could extend a winning streak that's happened only 1.3% of the time in Wall Street's history.</p>\n<p>The benchmark index eked out small gain yesterday.</p>\n<p>The S&amp;P is up five weeks in a row for the first time since August 2020, but has now also notched four-straight weekly gains of 1% or more.</p>\n<p>When that happens the index tends to have stronger forward returns going out from four weeks to two years, BofA technical strategist Stephen Suttmeier writes in a note. (See BofA table at the bottom.)</p>\n<p>\"A streak of four weeks with consecutive 1.0%+ returns for the SPX has happened only 66 times in the 4896 weeks going back to 1928,\" Suttmeier says. \"This is a bullish event. Forward returns going out from four weeks to two years show stronger median SPX returns, higher average returns for all periods except for the 26-week and 104-week periods and a greater percentage of time up for all forward periods except for 104 weeks after the signal.\"</p>\n<p>A five-week streak with gains of 1% or more has only happened 16 times since 1928.</p>\n<p>\"This means that after four consecutive weeks of 1.0%+ returns, the SPX has rallied another 1.0% or more in the fifth week 24% of the time,\" Suttmeier says.</p>\n<p>Adding to tailwinds, seasonaility turns bullish in November and the rising channel in the chart does not rule out S&amp;P 5,000 going into early 2022, he adds.</p>\n<p>He currently has upside potential at 4,765 to 4,815, with support at 4,560 to 4,537.</p>\n<p>Craig W. Johnson, technical strategist at Piper Sandler, says technically \"stocks are firing on all cylinders powered by bullish market breadth and momentum.</p>\n<p>With Piper's year-end S&amp;P target of 4,625 achieved, Johnson is introducing a year-end 2022 target of 5,150.</p>\n<p>That would be a 23x multiple based on 2022 EPS estimates of $223.76, he says.</p>\n<p>Looking to the Nasdaq, the late October breakout is intact with the potential for the index to go to 16,600 and possibly testing 17,000, Suttmeier says.</p>\n<p>See how stocks and other markets fared the&nbsp;last time the Federal Reserve tapered asset purchases.</p>\n<p><img src=\"https://static.tigerbbs.com/47f3c583115a4429e79748798d14ea60\" tg-width=\"1689\" tg-height=\"396\" width=\"100%\" height=\"auto\"></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This rare streak could help S&P 500 to 5,000 early next year, BofA says: At the Open</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis rare streak could help S&P 500 to 5,000 early next year, BofA says: At the Open\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 22:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3767665-sp-500-could-get-a-bullish-boost-if-this-rare-streak-continues-bofa-says><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 could extend a winning streak that's happened only 1.3% of the time in Wall Street's history.\nThe benchmark index eked out small gain yesterday.\nThe S&P is up five weeks in a row for the ...</p>\n\n<a href=\"https://seekingalpha.com/news/3767665-sp-500-could-get-a-bullish-boost-if-this-rare-streak-continues-bofa-says\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/news/3767665-sp-500-could-get-a-bullish-boost-if-this-rare-streak-continues-bofa-says","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1165249613","content_text":"The S&P 500 could extend a winning streak that's happened only 1.3% of the time in Wall Street's history.\nThe benchmark index eked out small gain yesterday.\nThe S&P is up five weeks in a row for the first time since August 2020, but has now also notched four-straight weekly gains of 1% or more.\nWhen that happens the index tends to have stronger forward returns going out from four weeks to two years, BofA technical strategist Stephen Suttmeier writes in a note. (See BofA table at the bottom.)\n\"A streak of four weeks with consecutive 1.0%+ returns for the SPX has happened only 66 times in the 4896 weeks going back to 1928,\" Suttmeier says. \"This is a bullish event. Forward returns going out from four weeks to two years show stronger median SPX returns, higher average returns for all periods except for the 26-week and 104-week periods and a greater percentage of time up for all forward periods except for 104 weeks after the signal.\"\nA five-week streak with gains of 1% or more has only happened 16 times since 1928.\n\"This means that after four consecutive weeks of 1.0%+ returns, the SPX has rallied another 1.0% or more in the fifth week 24% of the time,\" Suttmeier says.\nAdding to tailwinds, seasonaility turns bullish in November and the rising channel in the chart does not rule out S&P 5,000 going into early 2022, he adds.\nHe currently has upside potential at 4,765 to 4,815, with support at 4,560 to 4,537.\nCraig W. Johnson, technical strategist at Piper Sandler, says technically \"stocks are firing on all cylinders powered by bullish market breadth and momentum.\nWith Piper's year-end S&P target of 4,625 achieved, Johnson is introducing a year-end 2022 target of 5,150.\nThat would be a 23x multiple based on 2022 EPS estimates of $223.76, he says.\nLooking to the Nasdaq, the late October breakout is intact with the potential for the index to go to 16,600 and possibly testing 17,000, Suttmeier says.\nSee how stocks and other markets fared the last time the Federal Reserve tapered asset purchases.","news_type":1},"isVote":1,"tweetType":1,"viewCount":733,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["ESmain","VIXmain"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":121,"xxTargetLangEnum":"ZH_CN"},"commentList":[{"id":6524093,"gmtCreate":1636538108847,"gmtModify":1636538108847,"authorId":3575195102402470,"author":{"id":3575195102402470,"authorId":3575195102402470,"name":"WarSlasher","avatar":"https://static.tigerbbs.com/0c98b196bb3a5da8bb25c9d45e23a4ce","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847584364,"type":1,"supId":0,"prevId":0,"content":"very kool","text":"very kool","html":"very kool","likeSize":1,"commentSize":1,"subComments":[{"id":6524113,"gmtCreate":1636538244814,"gmtModify":1636538244814,"authorId":3559581955535845,"author":{"id":3559581955535845,"authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":847584364,"type":1,"supId":6524093,"prevId":0,"content":"Sure <u>is</u> coz I'm koolgal!","text":"Sure <u>is</u> coz I'm koolgal!","html":"Sure <u>is</u> coz I'm koolgal!"}],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/847584364"}