S&P 500 Return – Longest Bull Markets Ever

S&P 500 Return – Longest Bull Markets Ever Chart showing the longest equity bull markets ever. October 9, 2019 was the bottom in 2002 and peak in 2007. Picture source: Ryan Detrick, LPL Financial LLC

Annual S&P 500 Return Since 1990

Annual S&P 500 Return Since 1990 Currently, the S&P 500 Index has its best year since 1997. Picture source: Financial Times

September S&P 500 Return vs. October S&P 500 Return

September S&P 500 Return vs. October S&P 500 Return Does an up September for stocks mean an up October? It is an old myth and there’s no real correlation (R = 0.03). Picture source: McClellan Financial Publications, Inc.

S&P 500 Return Rest of Year If August Is Negative

S&P 500 Return Rest of Year If August Is Negative When August was negative, the S&P 500 was higher 14 of the last 14 times for the rest of the year. Picture source: Ryan Detrick, LPL Financial LLC

U.S. Excess Liquidity Growth Leads S&P 500 Returns

U.S. Excess Liquidity Growth Leads S&P 500 Returns This chart suggests that M2 money supply to nominal GDP ratio leads S&P 500 returns by one year. Is the S&P 500 vulnerable to a drop, followed by a recovery? Picture source: Oxford Economics, Macrobond

S&P 500 Returns Following 10Y-2Y Yield Curve Inversions

S&P 500 Returns Following 10Y-2Y Yield Curve Inversions In recent history, the 10Y-2Y curve inversion has preceded U.S. recessions, but the S&P 500 typically rises in 12 months following yield curve inversion. Picture source: Goldman Sachs Global Investment Research

S&P 500 Operating Earnings / NIPA Profits and S&P 500 Returns

S&P 500 Operating Earnings / NIPA Profits and S&P 500 Returns Interesting chart suggesting that S&P500 2-year returns will be negative, as they were in the late 1990s, when S&P 500 operating earnings rose relative to NIPA profits (thanks to buybacks). Picture source: Oxford Economics, Macrobond

S&P 500 Returns After Rate Cuts Near Highs

S&P 500 Returns After Rate Cuts Near Highs Since 1980, the Fed has cut rates 17 times (S&P 500 within 2% of new highs). One year later, the S&P 500 was still higher. Picture source: Ryan Detrick, LPL Financial LLC

S&P 500 Return: Earnings Growth vs. Multiple Expansion

S&P 500 Return: Earnings Growth vs. Multiple Expansion Since the beginning of the year, the multiple expansion explains the S&P 500 return. You may also like “U.S. Equities and The World: Earnings Growth vs. Multiple Expansion.” Picture source: Strategas