Epic 8 month rally
2020 is almost over, and what a year it’s been thusfar. Stocks initially surged, then crashed, and rallied even harder. The past 8 months saw the S&P 500 rally more than 40%, a record last achieved at the start of the 2009-2020 bull market.
Outside of the Great Depression, this almost always led to more gains for the S&P 500 over the next month and next year.
The NASDAQ 100 rallied an eye-popping 57% over the past 8 months, a record last achieved during the dot-com bubble:
Such extreme momentum only occurred in the dot-com bubble and the start of the 1990-2000 bull market:
Around the world, the MSCI All Country World Index rallied 39% over the past 8 months. The only other time this happened was in 2009: