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Market Watch Weekly | August 14th, 2020 | Greatest 100-Day Rally, Ever.

Erik Dekker - Aug 14, 2020
The last 100 days have benn challenging for everyone, and for many different reasons, but the stock market carnage that we endured in February and March is now largely in the rear-view mirror.

North American markets were largely higher in a week that saw the S&P 500 come within 0.01% of new all-time-highs. Yes, you read that correctly: the broadest measure of the U.S. stock market was a rounding error away from making new highs…

The last 100 days have been challenging for everyone, and for many different reasons, but the stock market carnage that we endured in February and March is now largely in the rear-view mirror. Not to say that there will not be periods of increased volatility, but looking forward we remain optimistic in the market’s potential. Investors that stayed the course were just rewarded with the largest ever 100-day rally in the S&P 500, rallying more than 50.8% off the market bottom. History shows that such gains led to continued strength with gains 17 out of 18 instances for an average 12-month return of an additional 9.5%.

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