April Outlook: Remember Best Six Months ends in April (from Coppo)
Richard Coppleson, author of the well regarded and widely read "Coppo Report" has shared a few seasonal insights/views. “And remember, that while April has been a banner month historically for the stock market and is likely to be solid in 2015 as well, it is the last month of the best six months. In fact, these past best six months have not been so stellar. DJIA and S&P are up less than 3% since October 31, though NASDAQ and Russell 2000 have done better, up 6.2% and 6.8% right now. Not for nothing, but that’s rather weak for the 4-year cycle sweet spot and Best Six Months. This seasonal and cyclical underperformance is somewhat disconcerting. To wit: “If the market does not rally, as it should during bullish seasonal periods, it is a sign that other forces are stronger and that when the seasonal period ends those forces will really have their say.” — Edson Gould (Stock market analyst, Findings & Forecasts, 1902-1987)
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