Here are 3 simple market studies
The Nasdaq just did something that’s extremely rare
The Nasdaq has done something very rare over the past few days.
This has only happened 3 other times in history (1970-present).
As you can see, the Nasdaq’s 6-12 month forward returns are excellent.
Personally, I wouldn’t put too much emphasis on this study.
XLE (energy sector ETF) has gone up 10 days in a row
XLE is the energy sector ETF. It has gone up 10 consecutive days. This is rare (from 1998-present).
Historically, this is more of a short term bearish sign for oil itself rather than XLE.
Stocks tend to make a short term decline during rate hikes (i.e. this week)
The Fed is expected to hike interest rates this week. During the current rate hike cycle, the stock market has typically experienced some short term weakness (couple of days) during a rate hike.
