July 21, 2017

One Sign the Rally Has Matured

The market rally over the last five months has been, well, fierce to say the least. During the first quarter alone the major market indices rallied over 10%. The advance marked the 13th time since 1928 that the S&P 500 made it above the 10% threshold in three months. But how did the market fare after such a nice run? The wonderful folks over at Bespoke Investment Group published the following chart today that gives us some insight into what we should expect going forward.                   As you can see, by most accounts the gains for the rest of the year were limited. Of course, there were a few outliers, but for those of us using strategies based … [Read more...]