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%.

The hedge fund mogul Bill Ackman's Pershing Square Capital Management announced the third quarter hold positions report (form 13f). According to statistics, Pershing Square's total market value of hold positions in the third quarter was $12.9 billion, compared to $10.4 billion in the previous quarter, reflecting a growth of 24%. In the third quarter, Pershing Square's hold positions consisted of 2 new stocks, increased holdings in 3 stocks, 0 stocks completely sold off, and a reduction in 3 stocks. Among them, the top ten hold symbols accounted for 99.95% of the total market value.

Pershing Square significantly increased its shareholding in a Canadian investment company in the third quarter. $Brookfield (BN.US)$ The number of shares held increased by 377.6%, reaching 32.7 million shares, with the hold positions market value proportion in the investment portfolio rising from 2.73% to 13.36%, ranking as the largest holding stock.

Pershing Square Capital Management disclosed in the second quarter. $Nike (NKE.US)$ After the new shareholding, in the actions of the third quarter, the company's positions increased more than fivefold. This hedge fund purchased 3 million shares of nike class B stocks in the second quarter. In the third quarter, the shareholding was raised by 435.5% to 16.3 million shares. As a barometer of consumer trends, nike has been struggling with weak demand and declining sales. In September, the company announced the return of veteran Elliott Hill as CEO.

It is noteworthy that after nike announced disappointing performance at the end of June, its stock price fell sharply, before crawling in the early third quarter. Subsequently, buoyed by Ackman's build-up and the new CEO's appointment, the stock price began to strengthen.

Additionally, the pacific also increased its shareholding by 2.1 million shares. $Seaport Entertainment Group (SEG.US)$ is a real estate company focused on entertainment experiences, which was spun off from the real estate development developer Howard Hughes in August this year.

In terms of shareholding reduction, the fund's hold positions in hotel and resort chains $Hilton Worldwide (HLT.US)$ decreased by 17.7% in the third quarter to 7.4 million shares, but the company remains the second largest heavyweight stock. It also cut its stake in the parent company of Burger King. $Restaurant Brands International (QSR.US)$ And the shareholding in the railroad operator canadian pacific railway. $Canadian Pacific Railway (CP.US)$ The shareholding was reduced by 0.6% to 23 million shares and 14.9 million shares.

Editor / jayden