Following a strong rally to close out 2012, the S&P 500 picked up in 2013 right where it left off with a gain of 2% today. 2012 was unique for the S&P 500 in that the index never had a daily close that was below the closing level for 2011. In other words, the index was up YTD every single day of 2012. Going back to 1928, there have only been eight other years where the index went an entire year of trading up YTD every single day, with the last occurrence coming more than thirty years ago in 1979.
With today's gain, the S&P 500 is building up a nice cushion for a possible repeat of 2012. Going back to 1928, there has only been one other time where the index was up YTD every day for two consecutive years (1975 and 1976). Finally, of the eight years highlighted to the right, the average gain of the S&P 500 the following year has been a gain of 10.52% with positive returns 88% of the time.
Bespoke Investment Group has released its 2013 market outlook piece -- the Bespoke Report. This is our 6th annual Bespoke Report since we opened our doors for business in 2007. Over the last few years, the Bespoke Report has become a must-read publication on Wall Street as money managers, investors and traders prepare for the year ahead. No asset class or investment trend goes uncovered.
To receive the 2013 Bespoke Report, all you have to do is sign up for one of our subscription services over at Bespoke Premium. You don't want to miss out on this one!