S&P 500’s Historic Quarterly Rebound Pushes Index Near Record

From narrowly avoiding a bear market to a few points shy of a record high in just three months. This rebound is historic.

Over the past 100 years, the S&P 500 has dropped 10% and rebounded to a gain within the same calendar quarter only three times. This is one of them. And while lightning-quick recoveries in 2016 and 1933 resulted in small gains, the index is set to advance almost 10% this quarter.