A Massive Stock Market Break Out May Be Near If History Proves Correct

By: Michael Kramer

The S&P 500 may be ready for a big move higher if history repeats itself. The index has traded sideways for 22 months, while also seeing a drawdown of 20%. The last time that happened was in 2012 and 2013. Something similar happened in 2015 and 2016. Both times the S&P 500 went on to see massive gains for more than a year.

There are even more parallels, such as the index dividend yield inverting with the U.S. 10-year Treasury rate. The coincidences during these two previous periods and today are rather startling and could be a sign of good things to come.

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