The following is a brief excerpt from this morning’s Keys To this Week report for the US stock market, one of many different reports that Asbury Research subscribers receive throughout the month.
Keys To This Week displays and discusses 10 key market factors that are most likely to influence the direction of the US stock market over the next several weeks to several months. Key #10 of 10 of this week’s report, with the accompanying chart, appears below.
Key #10 of 10> Seasonality: S&P 500. NEAR TERM BEARISH.
Chart 6 below shows that the final week of February, which is next week, is the seasonally weakest of the entire 1st Quarter in the S&P 500 based on data since 1957, after which prices historically rise into April.