Chris Ciovacco: S&P 500 was higher or flat one year later in 95% of cases

Chris Ciovacco: S&P 500 was higher or flat one year later in 95% of cases
S&P 500 usually rises a year later

The S&P 500 was higher or flat one year later in 95% of historical cases, according to Chris Ciovacco. The average gain over these periods was 17%.

Ciovacco said this view may be helpful for keeping an open mind regarding better than expected outcomes in the coming weeks or months.

Ciovacco recently observed that a hypothetical decline in the S&P 500 from last week's high to its 200-day moving average would amount to 7.10% (link). In an earlier analysis, he also grouped stocks by performance and risk, dividing them into good, bad, and ugly categories with supporting data (link). Both posts reflect his ongoing tracking of market conditions.

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