By Ben Carlson, CFA
A Wealth of Common Sense
After Friday’s big rally on better-than-expected jobs numbers, the S&P 500® Index is now more or less flat on the year.
Considering the year-to-date return as of the close on March 23rd was -30.4%, this is quite a turn of events. From the lows, the market is up more than 43%.
It’s cherry-picking to show returns from the low point of a bear market, but the difference between where we were and where we are is staggering.