S&P 500 Up 14% in 2023, But Gains Driven by Just 8 Winning Sessions
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The S&P 500 is up 14% in 2023, but excluding the 8 best sessions it would be down.
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The winning sessions were driven by positive news on interest rates, Big Tech earnings, and avoiding recession.
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Timing the market is risky - there have been nearly as many down days as up days in 2023.
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Key up days were driven by jobs data, Big Tech earnings, lower bond yields, and easing banking concerns.
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U.S. stocks struggled to extend winning streaks on Wednesday as major indexes traded lower.