8 Days Explain All of the S&P 500's 14% Gain in 2023
TL;DR
The S&P 500's 14% gain in 2023 can be attributed to just eight trading sessions, which were driven by positive news on interest rates, Big Tech earnings, and avoiding a recession. This highlights the risks of trying to time the market, as the margin of error for investors has been thin. The stock market tends to take the stairs up but the escalator down.
- Stock-market timers beware: Just 8 days account for all of the S&P 500’s 14% gain in 2023 MarketWatch
- Why market timing doesn't work: S&P 500 is up 14% this year, but just 8 days explain the gains CNBC
- Stock Market Gains This Year Explained in 8 Days, Driven by 4 Factors Markets Insider
- The S&P 500 Soared 5.9% Last Week -- But These 2 Stocks Absolutely Crushed It The Motley Fool
- Speculators Signal Optimism on U.S. Stocks for First Time Since Mid-2022 Investopedia
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