Thursday, March 3, 2016

Due for a Turnaround?

The market got off to an awful start this year, but since the S&P 500 hit a nearly two-year low in mid-February, it's up by 8.2 percent. Are even brighter skies ahead? In recent history, March and April have been the best back-to-back months for the S&P 500, according to data compiled by Bespoke Investment Group.

The index has risen by an average 2.7 percent in the two months over the past 50 years, the best two-month stretch for that period. The next best two-month stretch is November and December, when the index has risen by an average of 2.6 percent.

March already began with a bang as the large-cap S&P index jumped 2.4 percent Tuesday. That follows a January and February when the S&P 500 finished down 5.5 percent and the Dow 30 lost 5.2 percent - for both, their worst first two months to a year since 2009.

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