Over the past six months, the S&P 500 has rallied more than 28 per cent, a substantive drive higher that has not been without its sceptics.
However, monster moves like this aren’t that unusual.
According to data from Laszlo Birinyi of Birinyi Associates, stocks have had +28 per cent surges 20 times since 1927. And a move higher is not out of the question.
Birinyi looked at historical returns of the S&P 500, when the index gained more than 28 per cent over a six month period. 60-five per cent of the time the market remained higher half a year later, with a 4.14 per cent return on average.
Below, the data crunched by Birinyi.
Photo: Birinyi Associates