Fun Fact Friday 02/10/23

February 16, 2023 by

Rob Challenger in Fun Fact Friday

MARKET TERM OF THE WEEK

“Moving Average”

The moving average is an average of the stock price over a certain period- A common technical indicator traders use on stock charts to see a stock’s price trend.

For example, the 20-day moving average is calculated by taking the price of the stock on each of the prior 20 days, then finding the average of those 20 prices.

#1

A Nice Reversal.After falling 19.4% in
2022, the S&P 500 Index rallied 6.2% in January 2023. Since 1945, there have been five other years where the S&P 500 gained
more than 5% in January after trading down in the prior year. In those five years (1954, 1961, 1967,1975 and 2019), the S&P
500 rallied more than 10% from February through year end all five times.
(Source: BESPOKE CALCULATIONS)

#2

#12 Calls Quits.

NFL Quarterback Tom Brady announced his retirement (for the second time) on 2/1/23, ending a career that spanned more than 20 years. From the time he first replaced Drew Bledsoe against the New York Jets on 9/23/01 and subsequently became the New England Patriots starter through his announced retirement, the S&P 500’s annualized total return with dividends reinvested was 9.12%, while the Nasdaq’s annualized total return was 11.55%…which coincidentally rounds to… 12!
(Source: Bespoke)

#3

Houston’s Future.

Houston is expected to become the third most populous U.S. city during the second half of the decade of the 2020s. Greater Houston is the most ethnically diverse metropolitan area in the United States. At least 145 languages are spoken by city residents, and 90 nations have consular representation in the city.
(Source: houstontx.gov)

Blog