Today’s Chart of the Day was shared by Keith Lerner. The S&P 500 just closed out its best year since 2019, rising 28.79% (including dividends). Gains of this magnitude are rare. Prior to this year, the S&P 500 has gained 25% or more just 17 times since 1950. The table shows all the years that followed gains of 25% or more. The following year was positive 82% of the time for a solid average gain of 14%. Of course, anything can happen in 2022. But, as we look toward the new year it's important to consider that outsized gains have historically been followed by further gains more often than not. Click here to read the full article.
