【Thursday Special】Could You Sketch Out The Projected Path For The Rest Of 2023?
Welcome to Thursday Special!
Technology stocks continued to spearhead the market's rebound. What might be the trend going forward?
Over time, market observers have recognized several recurring phases that seem to impact market performance. These include well-known phenomena like the Santa Claus rally, the January effect, the "sell in May and stay away" strategy, and the October effect…
But the question remains:
Will the market's current path align with these historical patterns?
Do you believe that the market will indeed maintain a bullish trajectory for the remainder of 2023?
💭 Today’s Task: Could you sketch out the projected path for the remainder of 2023 in the diagram below?
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Here is an example from WSB [Sly][Sly][Sly]
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🌟🌟🌟The markets do not move in a straight line. As we say good bye to Moody August, we are heading towards Temperamental September, there is strange phenomenon known as the September Effect.
September has typically been the worst month in the year from history. Perhaps this is due to the absence of company earnings reports or just a seasonal effect.
Then the markets start picking up from October towards a great year end rally. Whatever it is, it is crucial to stay calm and keep a laser focus on our long term goal. For me it is FIRE, Financial Independence Retire Early!
@MillionaireTiger
Like many others, I hold the belief that in the upcoming weeks, there might be further short-term decline in the stock market before any significant recovery. However, I share the prevailing optimism that as we move closer to the end of the year, there's potential for a rally to occur. My personal perspective aligns with the idea that while the current pullback might persist for a while, the overall long-term trajectory remains favorable, showing signs of a bullish trend.
As I assess the situation, it appears that the broader stock market could continue its corrective phase in the near term. This phase could present an opportunity for gradual and strategic entry points for investors looking to capitalize on the eventual resurgence. Looking ahead to the next year, there's a prevalent expectation that the bull market will resume, potentially benefiting those who decide to invest now and maintain their positions.
In summary, I share the common viewpoint that a short-term pullback could still be in play, but I'm optimistic about a potential end-of-year rally. This outlook is underpinned by the belief in the long-term bullish trajectory of the stock market. Consequently, I believe that patient and calculated investment strategies at this juncture could lead to favorable outcomes, particularly as the bull market potentially extends into the following year.[Happy]
@MillionaireTiger
$S&P 500(.SPX)$
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