5.26.23 Strong First 100 Days a Positive Sign for the Rest of 2023
Yesterday was the 100th trading day of 2023, and a productive 100 days for stocks it was. Through that 100th trading day on May 25, about 40% of the way through the year, the S&P 500 Index has gained a solid 8.1% (excluding dividends). That milestone on the calendar seems like a good time to look at what the strong start to the year might mean for the rest of 2023.
Since 1950, in years when the S&P 500 has been up at least 7% through the first 100 trading days, the average gain over the rest of the year has been a robust 9.4%, with the median slightly better at 10.0% (see table below). That compares to the average gain of
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