Today’s Chart of the Day was shared by Ryan Detrick (@RyanDetrick). The table shows the probability that the S&P 500 will close positive on each day of the year, using data from 1950-2020. Ryan points out that the next 11 trading days all have win rates over 50%. In a separate table, Ryan also pointed out that today kicks off one of the best three-day average returns of the year. The tape has been messy, and seasonality hasn't really worked yet this month. December has historically been strong, but it's really not until the back half of the month that those gains tend to show up. If history is any guide, the S&P 500 could finish 2021 on a strong note.
Chart of the Day - Tuesday, December 21st, 2021
December 21, 2021
