A higher January and February could mean The Bull continues.

Performance of the S&P500

Since the start of 2024, the performance of the S&P500 and NASDAQ has hit new record highs on a few occasions. While this is a positive for investors in the market, for many both inside and outside of financial markets, record highs can be a sign of a bubble.

where will markets go this year?

Looking to the past once again, in years where the performance of the S&P500 has seen a higher January and February, there has been only 2 occasions in history where the index has not gone on to record a positive return in the final 10 months of the year, these being 1987 and 2011. On October 19, 1987, the Black Monday event caused the index to lose 20.4% in a single day, severely impacting on yearly gains, while in 2011 a mixture of the Global Financial Crisis fallout, debt crises and geopolitical events such as the Arab Spring impacted heavily upon the index.

On a 12 monthly basis, there was only one time in history where the S&P 500 was negative after recording a positive January and February.

Review the full insight on the pdf below or download here


Chart Reference: https://www.macrobond.com/insights/charts-of-the-week/special-edition-macrobond-customers-share-their-charts#chart-5

Subscribe to our Updates