...the S&P 500 is up 52% since March. That is the best 6 month performance for that benchmark since 1933. Nearly all of our clients maintained their equity positions through this crisis and they are to be commended! Doing so wasn't easy for any of us.
Where are we going from here? According to this CNBC article, "...the Dow has trended higher 69% of the time 6-months after a 6-month gain higher than 30%, while the S&P 500 has posted further gains 57% of the time. Since 1933, there has been 273 instances, when the Dow and S&P posted gains greater than 30% in a 6-month period."
I wouldn't say that is conclusive evidence of anything but at least it doesn't indicate that the rally is over and you need to reduce equity exposure.
Christopher
Read the full CNBC article "Market Performance After the Strongest 6-Month Rallies Since 1933" ยป
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