S&P 500 Breaks Bull Market Streak After Back-to-Back 10%+ Gains in Q1 2024 (10.2%) & Q4 2023 (11.2%); Some Doubt Full Bull Cycle, Occurred 7 Times since 1950
The S&P 500 experienced its first 2% dip in a while, breaking the bull market trend. However, it had back-to-back quarterly gains of 10%+ for the first time in over a decade, with gains of 10.2% in Q1 2024 and 11.2% in Q4 2023. The index has only seen this seven times since 1950. Despite this, some believe the bull cycle is not fully established yet.
Sources
Special Situations 🌐 Research Newsletter (Jay)
S&P 500 hasn't had a down 2% day since 1Q23...
- Special Situations 🌐 Research Newsletter (Jay)
Since 1928 (~ 100 years of data), the S&P average 6-month drawdown is -6.14%. -40% of all trading days in Q1 were record closing highs for the S&P 500, the most since Q1 2013. The current 6-month weekly drawdown starting in October 2023 has been -45bps (we got a ~1.7 % 2-day… https://t.co/vy2ahmW2do
matt.crypto | matt.pudgy | matt.sonic This is looking like a smarter decision every day. Early to base, early to runes (bitcoin memes). But I have good news for you - this crypto cycle is just getting started IMO. So plenty more opportunities coming. https://t.co/2TRoEkdD9q