Strength Tends to Beget Strength The S&P 500 has experienced a meteoric rise off its early April price lows. At one point in mid-July, the S&P 500 was up 25.8% over three months. Calls for caution and worry have grown louder: “It can’t get much better than this,” “We’ve come too far, too fast,” and “The rally feels overextended.” However, data suggests that this recent run should not be reason to sell an equity market making all-time highs. While the past three months have bee...
