Reported 10 days ago
A rare bullish signal has emerged in the stock market, suggesting the potential for another year of record highs. According to the NYSE McClellan Summation Index, which has accurately predicted market trends in the past, a strong underlying breadth indicates an optimistic outlook. This signal has flashed only 29 times since the 1960s, with the S&P 500 historically showing significant gains following such occurrences. Analysts highlight that strong market conditions and improved breadth support the expectation of continued market growth.
Source: YAHOO