SOLD !! Congratulations to trader who had bought it for swing 😀
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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