The Standard & Poor’s 500 Index slipped, halting a four-day streak of record closes, as investors weighed equity valuations. The Dow Jones Industrial Average closed at an all-time high.
Whether President Barack Obama will win re-election this year may be foreseen by the stock market, according to Sam Stovall of Standard & Poor’s.
For 40 days, the Standard & Poor’s 500 Index has failed to post a gain or loss exceeding 1 percent, the longest stretch of calm since 1995. That’s squashing demand for options that protect against turbulence.
The Standard & Poor’s 500 Index took longer than usual to fall 5 percent from its peak this year, a sign that any further retreat in U.S. stocks will be “contained,” according to Sam Stovall of S&P.
The political calendar is working against investors.
If you like your investment strategies boiled down into a nice, easy-to-remember rhyming couplet, you can’t do much better than the old “sell in May and go away” cliche.
U.S. stocks will fall 11 percent starting as soon as next week should some price patterns come true, according to Tom DeMark, the creator of indicators to show turning points in securities.
The U.S. economy is showing signs of improvement and buyers of exchange-traded funds are taking note.
"Even though the investing community faces economic and legislative hurdles in the near and long term, equity prices have risen in both January and February signaling, in our view, that many of these worries are unwarranted."
- Sam Stovall on Mar 01, 2013
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