ModelEdge report

Dean Christians

5-19-2023 at 11:15 am

A bullish breakout for the world's most-watched benchmark

For only the 29th time in more than 90 years, the S&P 500 closed at an 8-month high but not a 12-month high. After similar breakouts, the S&P 500 was higher 86% of the time a year later, with 17 consecutive winners since 1958.

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