Sell Rosh Hashanah, Buy Yom Kippur? The Market Doesn't Make It Easy
Portfolio Pulse from Joel Elconin
The article discusses the market adage 'Sell Rosh Hashanah, Buy Yom Kippur,' which has proven successful in 2023. The SPDR S&P 500 ETF Trust (SPY) is highlighted as a key index reflecting this trend. Despite geopolitical tensions and upcoming economic data releases, the market has shown resilience. Investors are advised to consider their long-term objectives when making decisions.
October 02, 2024 | 1:55 pm
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The SPDR S&P 500 ETF Trust (SPY) has shown strong performance following the 'Sell Rosh Hashanah, Buy Yom Kippur' strategy in 2023, with a significant gain over the past year. Despite recent geopolitical tensions, the index remains resilient.
The SPY ETF, tracking the S&P 500, has benefited from the 'Sell Rosh Hashanah, Buy Yom Kippur' strategy, showing a 32.4% gain over the past year. Despite geopolitical tensions, the market's resilience suggests continued positive performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90