S&P 500 Up 27%, Shows Strong Market Resilience with -45bps Drawdown

Recent data on the S&P 500 index highlights a robust performance in the stock market, marking a significant period of gains. Historical analysis reveals that the average 6-month drawdown of the S&P 500 since 1928 is -6.14%. Notably, the first quarter of this year saw 40% of all trading days recording record closing highs for the S&P 500, the most since the first quarter of 2013. Furthermore, the current 6-month weekly drawdown, starting in October 2023, has been a mere -45bps. Additionally, the S&P 500 has not experienced a down 2% day since the first quarter of 2023. In a remarkable streak, the S&P 500 was up 27% in 100 trading days recently. Historical data since 1950 shows that on 10 other occasions when the index was up 25%, it was higher a year later 9 times, with an average increase of 13.2%. This data underscores the strength and resilience of the market, suggesting a bullish outlook among investors.