couple of fun facts I saw today.
Dow up +25% in '17 ... time to look for a pullback? Since '50, up >25% YTD 10 times. Higher next year 8 times with 6 of those times up double digits. Avg +12.6% vs avg yearly return of +8.5%. In other words, don't turn bearish simply because '17 was up a lot.
10 replies79 retweets158 likes
Ryan Detrick, CMT @RyanDetrick 6h6 hours ago
Does the 1st trading day of the year matter? Sounds random, but ... Past 20 years, on the 1st day of a new year the S&P 500 has been higher 10 times and lower 10 times. Full year return if up the first day? +14.2%. Full year return if down the first day? -0.6%