Chart of the Day - Friday, June 27, 2025

🏆  Today's Chart of the Day was shared by SubuTrade (@SubuTrade).
 

• The S&P 500  ($SPX) achieved its first all-time high since February on Friday, gaining +3.4% this week.
   
• Although it fell more than -21% on an intraday basis, $SPX narrowly avoided a media-defined bear market in April, reaching a closing drawdown of -18.9%. After bouncing roughly +24% in less than three months, a V-shaped recovery is officially in the books. 
   
• The table shows the forward returns after reaching 52-week highs within three months of an -18% drawdown. Performance was mixed over the next month, but $SPX was consistently higher three months later, with an average gain of +6.8%. 
   

The Takeaway: The S&P 500 achieved its first all-time high since February today, completing a V-shaped recovery from bear market territory. After similar rebounds, the index was consistently higher over the next 3-12 months.