Tuesday, August 17, 2021 3:44 AM EST
At the close of trading yesterday (8/16/2021) the S&P 500 Index is up 100.22% on a price-only basis from its March 23, 2020 low of 2,237.40. It took the market 353 trading days to reach this feat or just short of a year and a half.
As the chart shows, except for some volatility around the U.S. election in November of last year, the market has been on a steady move higher. This year through August 16, the S&P 500 Index is up 19.27%. Certainly, some consolidation of the returns achieved since the pandemic low last year would be healthy and expected. On the other hand, as noted in my post at the end of July, A Stealth Equity Market Correction, under the surface of the market a correction seems to have occurred.
Disclaimer: The information and content should not be construed as a recommendation to invest or trade in any type of security. Neither the information nor any opinion expressed constitutes a ...
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And the fastest doubling on record. https://twitter.com/jsblokland/status/1427557836414980097?s=21
Wow, thanks for sharing. For those too lazy to click, you can see the chart below: