The market just pulled a very “wait, seriously?” move
The S&P 500’s two-month sprint past the 19% mark is the kind of stat that makes market nerds sit up straighter. Ryan Detrick of Carson Group pointed out that this exact kind of move has happened only a handful of times since 1950 — and historically, the market was never lower 1 month, 3 months, 6 months, or a year later.
Friday’s faceplant doesn’t change the bigger picture
Sure, the index then took a 2.64% hit on Friday, which was its worst day of the year so far. But that’s the market for you: it can look like a victory lap one day and a banana peel the next.
Detrick’s point is that even the strongest years have ugly days sprinkled in. In his historical sample, big up years still had plenty of rough sessions, and the average worst day was about 3.5% — so Friday’s drop wasn’t exactly a sign the bull run had been hit by a bus.
What this means for your portfolio
The takeaway isn’t "buy everything and hit snooze." It’s that strong breadth and a historically rare momentum pattern can keep the bull case alive even when the tape gets choppy.
- More stocks in the S&P 500 rose than fell last week
- Six sectors finished green
- The index is still up meaningfully year-to-date
Big picture: the market may have coughed on Friday, but history says that kind of cough doesn’t always turn into pneumonia.