2019 summarized in 1 chart…
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OK, call me a single issue voter if you want, but…
The S&P closed at 3,230.78.
That puts the S&P up about 34% from the markets Xmas 2018 “correction” when the Fed tried to inch up interest rates.
Breaking that down…
It took the market about 7 months to rebound about 24% and get back to the pre-correction high. (See the green dotted line above).
Then, the market tacked on another 10% in the back half of 2019.
And, the market still seems to have some steam for 2020.
I wouldn’t mind another 34%.
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