SPX – did you realize that January 2019 was one of the best gaining months ever for the SPX, and only one of eighteen times since 1939 that the SPX closed more than 9% higher for the month?
And from a point-perspective, the SPX has never seen a ~237 point gain in a single month (I computed the gain from where the month opened, with a gap-down from the December close)…
Of the 17 previous times there has been a gain of over 9% in a single month for the SPX, only five times did it end the year negative, and one of those times, 1939, it happened twice in that year (-.92% for the year)… the worst instance was in 2000 where the SPX ended -9.09% for the year…
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