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What happens after new S&P highs?

September 5, 2018 : Permanent Link

(The Technical Analyst) Investor apprehension following new stock market highs is often misguided and we should conquer our fear of heights, says Ari Wald, Technical Analyst at Oppenheimer.Looking at the S&P 500 since 1929, Wald points out that the S&P 500 has averaged a 7.0% gain over the following six months when reaching a new 52-week high for the first time in at least six months.

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