Late last week the S&P 500 Index moved back into positive territory for the year. The index gained a bit more on Friday as well as today. Significant? Yes, according to Ryan Detrick’s research: If the S&P 500 is positive year-to-date any day during the month of May, the entire year has been positive on a total return basis 35 out of the last 36 years.
Hat tip Ryan Detrick/LPLResearch