Today’s Chart of the Day was shared by Nautilus Research (@NautilusCap). The S&P 500 finished May up 11.93% year-to-date. Nautilus points out that the rest of the year tends to be consistently strong when the S&P 500 is up between 10%-15% year-to-date through May. In fact, of the 10 prior instances since 1950, all 10 continued higher the rest of the year for an average gain of 11.49%. To be fair, the average returns over the next 1-3 months are nothing impressive. Which makes sense considering seasonality remains a headwind until October. But if history is any guide, the momentum we've seen thus far in 2021 could propel the S&P higher by year-end.
Chart of the Day - Tuesday, June 1st, 2021
June 1, 2021
