Since 1990, the S&P 500 has risen an average 4.3% in the fourth quarter and gained in price 80% of the time. While all 11 sectors recorded price increases, those with the highest magnitude and frequency of advance were the consumer discretionary and consumer staples sectors. And with S&P 500 EPS projected to record a 3.6% rise in Q4 2019, after being forecast to decline by a similar percentage in Q3 2019, investors have reason to look upon the 2019 holiday quarter with an optimistic eye.
On October 15, CFRA hosted a live webinar session during which we explored this topic further. We heard from Sam Stovall, Chief Investment Strategist, Todd Rosenbluth, Head of ETF and Mutual Fund Research, and Garrett Nelson, Senior Equity Analyst, as they discussed: