Stock Market Trends and Why Investors May Be Very Happy This Year

This past week we saw the S&P 500 breakout from its downward trendline, a positive sign for the US stock market. As well as some supporting evidence that 2023 will be a very good year for investors.

Reversal of Trends

The major indices are starting the trade above their respective downward trends. If this pattern continues, we may start to see money quickly moving off the sidelines as investors begin to fear missing out.

S&P 500 Index:

NASDAQ