This week’s Investor’s Intelligence poll nearly tips over with bulls – the Bulls minus Bears read rising to a nose-bleed 43.9%, the 96th percentile of reads going back to 1972. In fact this measure is the highest since just before the crash of 87…
2 tables will vie for supremacy over the next few weeks.
Table 1 is a measure of typical monthly returns. We can see December has ended up 3/4 of the time.
Below is a table depicting what the subsequent weeks returns have been when the II measure has printed a figure in the range that has been seen today.
Be interesting which prevails as we enter the traditional Santa Claus rally period…