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The stock market is about to do something for the first time since 1982 - and it's bullish
The S&P 500 has had a very volatile year. That puts the benchmark index on pace for what technical analysts describe as an outside year. This means the index's yearly range has a higher high and lower low than the previous year and closes above the previous year's high. This has not happened to the S&P 500 since 1982, and occurred only once before then, in 1935. The 10-year yield is also on the verge of an outside year. Whenever this happens, technical strategists consider it a bullish sign for the following year. Back in June, Citi strategists previewed the implications of an outside year for the S&P 500. Tom ... (full story)
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