Reported 2 days ago
The S&P 500 has recently issued a rare market signal indicating a potential turnaround, having lost 19% from February to April due to inflation and trade tensions. A significant breadth of advancing stocks was noted, along with a historical indicator called the Zweig Breadth Thrust, which has only flashed 20 times since 1943 and boasts a 100% success rate in predicting future gains. Despite ongoing volatility, the data suggests that the worst may be over, presenting a potential buying opportunity for investors looking to hold long-term.
Source: YAHOO