The chart below shows the rolling six-month rate of change for the S&P 500 dating back to the late 1920s. Even after the declines of the last three weeks, the current rally off the March lows represents the strongest six-month rate of change for the S&P 500 since 2009, and before that, you have to go all the way back to the early 1930s. Additionally, the last six months now ranks as just one of nine periods in the S&P 500’s history where it rallied 40% or more in a six-month period. The declines this month haven’t been enjoyable, but let’s keep things in perspective.
In a newly published B.I.G. Tips report, we looked at prior periods where the S&P 500 rallied 40%+ in a six-month span to see how it progressed going forward. Did the rally borrow from future returns? Did is precede even more gains ahead? For anyone with more than a passing interest in what to expect going forward, make sure you check out this report. To see it, sign up for a monthly Bespoke Premium membership now!