Happy Thanksgiving! I hope you had a wonderful holiday. I know I always look forward to it as the perfect time for friends, family, football and food.
And the positive mood surrounding the Thanksgiving holiday often spreads from Main Street to Wall Street. That was just the case this year. In fact, the S&P 500, Dow and Nasdaq hit 10 record highs in November!
Historically speaking, the S&P 500 does well around the Thanksgiving holiday. According to the analysts at Bespoke, since 1945, the S&P 500 has risen an average of 0.58% during the Thanksgiving week. And when the S&P 500 was already up 20% year-to-date, that gain was 0.51%.
In the current bull market, the S&P 500 has gained 1.61% on average in the week following Thanksgiving and posted an average gain of 1.47% for the rest of the year.
This November is a little different – but in a good way! If you tally it all up, the S&P 500’s record highs basically equal out to one every other day.
This begs the question: Is there more strength ahead, or is a big reversal in the cards?
If the numbers tell us anything, we’re looking at significantly more upside. Bespoke found when the stock market has more than 10 new highs in a month, it bodes well for the next three months, six months and one year.
In May 2013, June 2014, December 2014, March 2017, October 2017 and January 2018, the S&P 500 made similar moves, then moved nicely higher after.
Since 1945, this trading action has happened 13 times. After three months, the S&P 500 rose an average 2.7%; after six months, the S&P 500 rose an average 5.9%; and after 12 months, the S&P 500 saw an average increase of 8.1% and positive returns 77% of the time.
Clearly, we’re going to have a lot to be thankful for the rest of this year and into 2020. To make sure you’re best-positioned to ride this strength, you’ll want access to my exclusive Model Portfolio for Platinum Growth Club with the crème de la crème of stocks. These are the companies that are poised to post great returns, thanks to their strong fundamentals, earnings growth and sales growth.
These are difficult to find, so it’s no surprise that even during bull market conditions investors get mediocre returns – again and again. In more than 30 years of investing, I’ve seen it happen many times.
As I’ve explained in my special series, How to Make 2020 Your Record-Breaking Year, 2020 will be a year of tremendous growth, and you can beat the market for even bigger gains with the right investing strategies. We’ve talked extensively about these strategies for dividend stocks, small-cap stocks, and long- and short-term trades – all of which I use in Platinum Growth Club to maximize gains.
Tomorrow, I’m going to release the last part of my series: 3 Powerful Drivers that Will Drive the Market Higher. In this article, we’ll go through all the different drivers – here in the United States, and abroad – that will move the market in a BIG way through 2020. This article will hit your inbox at 9 a.m. ET in the morning, so make sure to keep an eye out for it!
Note: In case you haven’t heard, I’ve just released my brand-new 2020 forecast. I’m as sure about what comes next for this market as I have been about anything in my 35 years of investing.
My research shows that a rare combination of extremely powerful forces will send the market soaring to Dow 40,000 in the new year.
Now I know you might be skeptical. And I understand how you feel. This isn’t the first time the noise and the fearmongering in the financial media have tried to scare people out of the market.
But time and again, the market has just kept going up and up and up. And through it all I’ve shown my readers model portfolio gains of 457%, 751%, even 1,125%.
Look, I’ll be the first to tell you when I think the party is over. But right now, the last place you want to be is on the sidelines.
Missing this Great Market Melt Up to Dow 40,000 in the months ahead would be a devastating mistake. So I’ve posted my full forecast for you here. See my research for yourself and get the simple steps you can take right now to prepare for the massive market move ahead.