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%.

$MicroStrategy (MSTR.US)$ From November 25 to December 1, approximately 1.5 billion dollars was spent to increase the shareholding of 15,400 bitcoins at an average price of 95,976 dollars per bitcoin. According to the 8-K filing submitted by the company to the Securities and Exchange Commission (SEC) on Monday, this shareholding further solidifies its position as the largest corporate holder of bitcoin globally.

During the same period, MicroStrategy also sold 3,728,507 shares of company stock, raising approximately $1.5 billion. As of December 1, the company stated that it still has about $11.3 billion in stocks available for the planned $21 billion equity offering and $21 billion fixed-income securities financing. This financing plan is expected to raise a total of $42 billion over the next three years, primarily for further bitcoin purchases.

As of December 1, MicroStrategy holds a total of 402,100 bitcoins, valued at over $38 billion. According to company co-founder and Executive Chairman Michael Saylor, the average purchase cost of these bitcoins is $58,263 per bitcoin, with a total cost (including fees and expenses) of approximately $23.4 billion.

This announcement marks the fourth consecutive week that MicroStrategy has reported large-scale bitcoin purchases. Last Monday, the company announced a record cash acquisition of 55,500 bitcoins for $5.4 billion, at an average cost of about $97,862 per bitcoin; the week before, the company also purchased a large number of bitcoins for $4.6 billion.

MicroStrategy has adopted a key performance indicator called 'Bitcoin Yield' to measure the percentage change of its bitcoin holdings relative to the diluted share count of the company. As of December 1, the bitcoin yield for the year has reached 63.3%, showing that while effectively increasing its bitcoin holdings, the company has also achieved a balance in terms of share dilution. This strategy is aimed at providing long-term benefits to shareholders through efficient bitcoin acquisitions.

Recently, Saylor also suggested to Microsoft CEO Nadella and the board of directors to consider bitcoin as a financial asset for the enterprise. As of the time of writing, the stock has fallen over 2%, priced at $380.

Editor / jayden