Stocks just got a majorly bullish signal
|05/31/2017||Posted by BusinessMediaguide.Com under General World News||
In recent decades, US consumer sentiment has proven fickle, gyrating unexpectedly and generally keeping investors on their toes.
But when it’s stayed high for a prolonged period, it’s historically unlocked massive gains for stocks.
That’s exactly what’s happening right now. In fact, we’re about halfway into one of those high-confidence periods, after University of Michigan Consumer Sentiment Index data last Friday kept the trend intact.
Sentiment has only been this high for this long on five other occasions since 1978, according to data compiled by Morgan Stanley. The S&P 500 saw a median return of 21% in the one year following each read more >>>