SOLD !! Congratulations to trader who had bought it for swing π
Big payoffs in the stock market this year?
The S&P 500 closed the last day of 2022 at negative 19.4% for the year, making 2022 the worst year since 2008's economic crisis.
However, as we enter 2023, things could start moving very differently.
Here's why.
If history is a guide, then the odds favour positive returns in 2023. According to data compiled by Carson Group's Ryan Detrick, the S&P follows a negative year with a positive year 80% of the time with an average gain of 15%.
(See chart below)
In short, based on 70 years of stock trading historical data, there's an 80% chance that we'll see an average gain of 15% this year.
Although nobody can safely predict the market, the odds are definitely in our favour this year in 2023.
Knowing this now and having ample time to prepare, there really is no excuse for NOT being profitable this year.
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