Source: Zhitong Finance
"Since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%)."
With the rebound of the stock market, the old adage "Sell in May and Go Away" seems to have been a bad advice once again. Last month, the S&P 500 index rose 4.8%, the best May performance since 2009. The NASDAQ 100 index rose nearly 6.2%, and the NASDAQ Composite Index rose 6.9%. Goldman Sachs FICC & Equities Trading Division said: "History doesn't really support this saying. Don't sell, leave the market (go on vacation), and enjoy the good times."
The rising trend is still to be continued?
If history is any guide, it may indicate that the rise of the stock market is not over yet.
Looking ahead to the rest of 2024, Scott Rubner, Managing Director of the Goldman Sachs Global Markets Division and tactical expert, pointed out the following historical background for investors.
Rubner stated that the S&P 500 index has risen 10.7% year-to-date, and since 1950, the S&P 500 index has risen more than 10% 21 times as of the end of May. In about 90% of these cases, the S&P 500 index rose for the rest of the year. There were only two instances of declines for the rest of the year, in 1987 (-13%) and 1986 (-0.1%).
"Since 1950, the median return of the last 7 months of each year (June 1 to December 31) is 5.4%. In the aforementioned 21 cases, the average performance of the last 7 months increased to 8.1%." Rubner added.
Rubner also pointed out that the NASDAQ index has risen for 16 consecutive Julys, with an average return of about 4.64%.
Author: Ma Huomin.
Amazon will reinvest 10 billion Euros (approximately 10.7 billion US dollars) in its cloud infrastructure and logistics network in Germany.
Amazon, the world's largest provider of cloud computing services and data storage, said on Wednesday that as the technology giant expands its data center network globally, it will reinvest 10 billion Euros (about 10.7 billion US dollars) in its cloud infrastructure and logistics network in Germany.
The latest plan includes investing €8.8 billion by 2026 to build and maintain cloud infrastructure for AWS cloud computing business in the Frankfurt region. In addition to this commitment, the company also plans to invest €7.8 billion by 2040 to establish sovereign cloud business in Germany.
Amazon has made several similar commitments worldwide this year. Last month, Amazon announced that it would invest €15.7 billion in Spain and €1.2 billion in France for infrastructure and computing by 2033. In addition, Amazon is also conducting projects in Mexico, the United States, Saudi Arabia, and Singapore.
As the AI projects are developing rapidly, cloud computing service providers are competing to improve their data processing and storage capabilities to meet greater computing demands. AWS is facing increasingly fierce competition from competitors such as Microsoft (MSFT.US), which is also expanding globally.
European regulatory agencies are steadily pushing cloud computing companies to store data within the EU to address privacy and security concerns. In May, Amazon announced that it will invest in the construction of a sovereign cloud in Europe, which will be fully controlled by personnel within the EU.
Editor/Jeffy