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Kobeissi Letter
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The Kobeissi Letter strategists noted that the S&P 500's 200-day moving average has risen for 329 consecutive trading days, marking the fourth strongest streak in the past decade, and historical data suggests the bull market is far from over.
Historically, when the 200-day moving average was rising, the S&P 500 index delivered an average annualized return of 8.5% since 1999, the report stated.
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The Kobeissi Letter strategists noted that the S&P 500's 200-day moving average has risen for 329 consecutive trading days, marking the fourth strongest streak in the past decade, and historical data suggests the bull market is far from over.
Historically, when the 200-day moving average was rising, the S&P 500 index delivered an average annualized return of 8.5% since 1999, the report stated.
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Kobeissi Letter
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