Heading into Thanksgiving, investors were already thankful for a great year in the equity market, but this week the S&P 500 has taken things into a higher gear with a performance that would even make bitcoin proud. A key catalyst for this week’s move has been the increased prospects of a tax reform package getting passed, proving the point we have been making for some time now that tax reform getting done was not already fully priced into the market.
So how does the 18%+ return for the S&P 500 in the first eleven months of the year stack up against prior years, and based on how equities have performed in the first eleven months of 2017, can we expect more of the same to close things out, or will the bulls run out of gas?
In our most recently released B.I.G. Tips report, we looked at years that had the most similar trading pattern to 2017 to see what trends the December performance of the S&P 500 in those years had in common. This helps give us an idea of what to expect for the remainder of the year. This report is a must-read. To see it, sign up for a monthly Bespoke Premium membership now!