Stronger US Dollar vis-à-vis Higher Interest Rates:
- There have been 40 other times the S&P 500 was up more than 6% for the year with 100 days to go (like 2016), and incredibly, the rest of the year is up 5.3% on average and higher 90% of the time.
- Thus, a strong start to the year has led to even stronger returns for the rest of the year.
- What about the full-year returns? Only once in history has the S&P 500 been up more than 6% with 100 days to go and finished red, and that was in 1929 (emphasis added).