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%.

Bank of America strategist Michael Hartnett suggested buying chinese stocks on dips before the Chinese government is expected to announce a new fiscal stimulus plan. The strategist wrote in a report, "We are buying on dips."

According to investors and analysts surveyed by institutions, the chinese government may detail measures totaling up to 2 trillion yuan ($283 billion) at a press conference on Saturday. Hartnett and his Bank of America team stated that they anticipate an increase in China's asset allocation as economic growth expectations are revised up and bond yields rise.

The Bank of America team cited data from EPFR Global indicating that in the week ending October 9, investors poured a record $39.1 billion into chinese stock funds. The csi 300 index surged over 20% since the close of September 23. September 23 was the day before the Chinese central bank first introduced a package of monetary stimulus measures.

Nevertheless, it was still a wild week for the chinese stock market. On Wednesday, the chinese stock market ended a 10-day winning streak as market sentiment cooled off following a week-long holiday.

Most market participants surveyed by institutions expect the next round of stimulus measures to come in the form of government bonds. Apart from the scale of any fiscal package, supporting goals will also indicate that the Chinese government aims to steer the world's second-largest economy towards robust growth.

In a series of measures announced at the end of September, China has already lowered interest rates and increased support for real estate and the stock market. However, investors have been waiting for fiscal policies, with economists considering this crucial in boosting confidence.

Editor / jayden