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Why Monday is a ‘big day for bulls’—and could suggest gains of nearly 20% in 2018

January 8, 2018

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The U.S. stock market has been strong in the few trading sessions of 2018, with major indexes rising in each of the four days of the year thus far, and hitting multiple records along the day.

The gains have been so strong, indeed, that they could put the S&P 500 SPX, -0.05% into rarefied air. Whenever the benchmark index has risen at least 2% in the first five trading sessions of the year in the past, it has ended in positive territory for the whole year 100% of the time. The average return in those years? Nearly 20%.

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