Michael Jamison, Portfolio Manager
March 7, 2019
After a brutal Q4 2018, and an early year market recovery, many investors are wondering what’s in store for the remainder of 2019. According to Ryan Detrick, a senior market strategist at LPL Financial, this year’s rally in U.S. stocks has further to go if a January and February barometer is any guide.
The S&P 500 Index is poised to start the year with back-to-back monthly gains for the 28th time since 1950. After the previous instances, the S&P 500 rose in the last 10 months of the year all but twice, in 1987 and 2011.
The index’s average advance for the period was 12 percent and, while there are certainly no guarantees, history is usually our best option for trying to predict future market behaviors.