The markets are off to a roaring start in 2017, up nearly six percent through the close on February 21. With the market up almost two percent in January and four percent in February, it is likely the market will start the year with two consecutive positive return months. Should this happen, history indicates we may witness a strong year for the markets. As the CFRA Research chart shows there have been 27 instances of two consecutive months’ positive months to start the year. In each instance, the market generated a positive return for the year, with the average return being a stunning 24%. Something to think about when pundits comment that the “markets feel toppy” or “we have to have a pullback”.
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