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%.
Online pet food and pet-related product retailers.$Chewy (CHWY.US)$The stock price skyrocketed about 29% in pre-market trading on Monday, and Keith Gill (aka Roaring Kitty), known as the leader of the "U.S. retail investor camp", revealed that he holds about 6.6% passive shares in the pet food retailer. As of this writing, the stock's gain has narrowed to 11%.
According to the shareholding information disclosed on the official website of the U.S. Securities and Exchange Commission, Gill owns about 9 million shares of class A stock, with a total value of approximately 245 million U.S. dollars based on Friday's closing price. Last week, Gill posted a cartoon image featuring a dog on social media platform X (formerly known as Twitter), prompting Chewy and Petco Health and Wellness (WOOF.US) stocks to surge in the short term. The shareholding disclosure completely confirmed the market's speculation about Roaring Kitty's holdings in Chewy.$Petco Health and Wellness (WOOF.US)$The short-term frenzy of Chewy's stock price has confirmed the market's speculation about Roaring Kitty's holdings.
During normal business hours, a representative from Chewy did not immediately respond to requests for comments from the media.
Three years ago, Gill was an active poster on the Wallstreetbet sector of the forum, encouraging a large number of U.S. retail investors to enter the stocks that were being shorted by multiple Wall Street investment institutions, triggering the globally shocking financial event of "retail investors forcing Wall Street to sell short". In this battle, there were top hedge funds like Melvin Capital announcing bankruptcy after their meme stock shorts were blown up.$Reddit (RDDT.US)$Earlier this year, "Roaring Kitty" Gill returned to social media platforms, bringing a period of significant increases and severe volatility to meme stocks such as Gamestop, AMC Entertainment, and other so-called U.S. market meme stocks. However, it was proved that the wave of meme stock trading frenzy brought by Roaring Kitty's return to YouTube live streaming platform after three years can't be compared with the Wall Street short squeeze period three years ago.$GameStop (GME.US)$In this retail investor forcing Wall Street short squeeze financial war, there were many top hedge fund institutions who announced bankruptcy after their meme stock shorts were blown up, such as Melvin Capital.
This year, "Roaring Kitty" Gill brought a period of significant increases and severe volatility to meme stocks such as Gamestop and other so-called U.S. market meme stocks.$AMC Entertainment (AMC.US)$Other translations in the text: sector should be translated as sector; hold should be translated as hold; gamestop should be translated as Gamestop.
It is worth noting that the most popular stocks among meme stocks - GameStop, an electronic game retailer, and this pet food company have one thing in common - Ryan Cohen. He is the co-founder of online pet food retailer Chewy and the current CEO of GameStop. After Gill's shareholding disclosure, GameStop's stock price fell about 6% in pre-market trading on Monday.
It is understood that the Chewy position file disclosed on Monday listed June 24th as the date of the event and semi-jokingly mentioned Gill's role as the “Roaring Kitty.” The part of the filing submitted to the US Securities and Exchange Commission's Edgar corporate archive database is somewhat jocular and requires the reporting party to “designate whether you are a cat.” Following this is a pair of checkboxes, one of which reads “I am a cat” while the other says “I am not a cat.”
Chewy is a leading online pet food and product retailer in the US pet food market, occupying an important position with a broad product line, innovative services, and high-quality customer experience. Its continued growth and market expansion strategies have ensured its leading position in the pet food and product field. Chewy not only provides traditional pet food and products, but also innovates in pet insurance and medical services. In 2022, Chewy launched the CarePlus pet health insurance plan, and in 2023 it introduced Chewy Vet Care, which includes routine check-ups, emergency care, and surgical procedures.
Editor / jayden