Chances are good the stock market could hit a few bumps as December gets underway, but any pullback should be slight.
The S&P 500 is up 25.8% year-to-date. In years when it has gained 20% or more by Thanksgiving, it usually ends the year even higher, but not significantly higher, adding another 1.8% on average, according to Bespoke. There have been 22 such instances, and the S&P has gained in those post-Thanksgiving periods 77% of the time
"Anything could happen to trade or some external event that we have no idea about," said Sluymer. "The call is to stay long through year end, into the middle or later part of the first quarter." "The place to focus in the past three days was the small caps. If you focused on it a month ago, you made no money. If you focused on it for the last three days, you made some alpha," he said. The Russell 2000 is up 2.7% for the week so far, outpacing the S&P's 1.2% rise and even the Nasdaq's 2% gain.Redler said more than an overall pullback, he's expecting different sectors to continue to reverse course.
was up more than 3.2% for the week-to-date, on track for its nine straight week of gains, which would be the best winning streak since May, 2013.
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