Historic Trends Point to Stock Market Rebound After Weak October
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After a poor October performance, the S&P 500 has historically rallied over the next 6 months (median of 5.3% gain).
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Global stocks also tend to rally after declining in October (MSCI World Index gained an average of 8.3% over next 6 months).
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Gains could be even stronger if stocks remain in a secular bull market (S&P 500 median gain of 9.2% and MSCI 9.5%).
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Earnings reports still look strong with 82% of companies beating expectations so far this quarter.
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Some strategists predict double-digit gains for stocks through end of 2022 and into 2024 as signals point to an oversold market.