The S&P 500 has returned 37.7% over the last 50 trading days, making it the benchmark index's largest 50-day rally in history, according to LPL Financial.
Looking at the other largest 50-day rallies, the firm found that stocks were higher 100% of the time six and 12 months later. The average 6-month return was 10.2%, while the average 1-year return was 17.3%.Brendan McDermid | ReutersLooking at the other largest 50-day rallies, the firm found that stocks were higher 100% of the time six and 12 months later. The average 6-month return was 10.2%, while the average 1-year return was 17.3%.
All 50 states have now begun the reopening process, and strategists are optimistic that with additional precautionary measures in place, a second wave of cases could be avoided.
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