I was looking at the S&P 500 monthly return chart. It used to be the 5%+ monthly return occurred after a a big dip in the previous month. However, we have had 4 over 5% monthly return in 2020. We could exclude the April one because there were 2 sharp drops prior. That still leaves us three, especially in November, 2020, it registered a whopping 10.75%. I know. Nasdaq went up 40%. Tesla went through the roof.
Today, the S&P closed at 3913. That means it’s been up more than 5% since January 31, 2021. If we have a good month in February, it’s quite possible March might be a tough month.
