The “wave” continues on the S&P-500 index, which we talked about recently.
This wave of growth has already led the index close to the level of 2600, around which we expect the formation of resistance. It’s too premature to talk about the change of «current». But this does not mean that it will not change later, after another attempt to reduce.
In favor of the fact that the year, in general, will be positive, says the historical pattern. After World War II, there were only two periods when the S&P-500 index closed at minus more than 1 year in a row. Both times it happened during a recession: 1973/74 and 2000/02.
If we consider that the probability of a recession in 2019 still looks very low, the statistics speak in favor of a positive year for the US stock market. Unfortunately, this does not mean «smooth.»