Can We Expect More Gains in Q2?
S&P 500 is poised for a nearly 10% price gain in the first quarter, with a remarkable 30% rally from its October 27 low.
This strong start has prompted investors and strategists to consider market correction.
However, data from 1970 suggests that such strong beginnings often indicate a continuation of the rally, with the S&P 500 historically showing an average first-quarter gain of 2.5%.
When the index outperforms this, the second quarter typically sees an even higher gain.
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How do you expect the performance in the rest of the year?
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Based on the news articles I found, here is a summary of the current market sentiment regarding the S&P 500:
Despite lower bond yields and dip-buying in equities, the S&P 500 rallied and set a new record high. Investors are betting on minor fluctuations in the overall stock market while seizing opportunities in hot sectors like technology and semiconductors. Source
Global stocks are eyeing a second quarterly gain, indicating positive market performance. Source
The S&P 500 gained following comments from Powell, indicating a positive response from investors. Source
S&P Global Inc. stock outperformed competitors on a strong trading day, marking its third consecutive day of gains. Source
Investors are adopting a cautious stance before US data, with a focus on the Fed's key inflation gauge data. Some strategists have warned about lofty valuations and the need for an acceleration in company profits to justify current market levels. Source
Based on these articles, the overall sentiment appears to be positive, with the S&P 500 reaching new highs and investors remaining optimistic. However, it's important to note that market conditions can change rapidly, and it's always recommended to conduct thorough research and analysis before making any investment decisions.
Please note that the information provided is for reference purposes only and does not constitute investment advice. Investing in the stock market involves risks, and it's essential to consider your own financial situation and risk tolerance before making any investment decisions.