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Periods prior Market Peaks (S&P 500)

Periods prior Market Peaks

According to Subramanian of BoFAM, in the 12-month period preceding prior market peaks, the historical total return has averaged 25 percent. A 25% Rally from the Sep.-2016 Low would lead to an Index-Level of ca. 2,660 points as per Sep. 2017...

Market Peak in bull markets (25%) - be careful


One should be getting more cautious on equity markets, but one should also note that some of the best returns come at the end of a bull market, which makes the case for maintaining some presence in the market. As mentioned above: according to Subramanian of BoFAM, in the 12-month period preceding prior market peaks, the historical total return has averaged 25%. The S&P 500 is up ca. 16% over the last 12 months, suggesting that some of those gains may have already been realized.

The following table shows the S&P returns in the year just prior
to every previous market peak: 

link:
www.zerohedge.com/news/2017-08-08