S&P 500 Rallies 19% in 41 Trading Days, Reaches New All-Time High Amid Two-Month Surge

GateNews
According to DataTrek Research, the S&P 500 surged more than 19% from March lows to reach new all-time highs on May 29, gaining the advance in just 41 trading days. Analyst Jessica Rabe characterized the rally as approaching a "two sigma" level—a move that deviates two standard deviations from the 100-day average return, signaling the sharp rally may be losing momentum. "Historical patterns suggest the S&P 500 could enter a consolidation phase, with gains expected to slow significantly," Rabe wrote in the report.
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