Jonathan Golub, chief U.S. market strategist at RBC Capital Markets, said many clients have been asking him whether stocks are due for some type of pullback over the short term.
“In our view, the answer is a resounding ‘No,’” he said.
The data back up his argument.
Since 1947, the S&P 500’s top-10 performing years have averaged a 31% gain, according to RBC. The 12 months following those outsized gains have generated above-average returns of about 14% a year, on average.
as they say, the trend is ur friend, like most industries, equities are data dependent
again, it's simple, supply and demand, not enough people want to sell stock, thus any buying, ie, 401k's etc. pension funds, excess capital, is put to work
“In our view, the answer is a resounding ‘No,’” he said.
The data back up his argument.
Since 1947, the S&P 500’s top-10 performing years have averaged a 31% gain, according to RBC. The 12 months following those outsized gains have generated above-average returns of about 14% a year, on average.
as they say, the trend is ur friend, like most industries, equities are data dependent
again, it's simple, supply and demand, not enough people want to sell stock, thus any buying, ie, 401k's etc. pension funds, excess capital, is put to work
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