Chart of the Day - Wednesday, May 12th, 2021

Today’s Chart of the Day was shared by Katie Stockton (@StocktonKatie). A lot of analysts have been pointing to this chart recently. It's an analog chart comparing the current recovery (white)  to the 2009 recovery (pink). As we know, history doesn't always repeat exactly so analog charts need to be taken with a grain of salt.  That being said, the current recovery has tracked the 2009 recovery very well so far. Coming off the 2009 low, the S&P 500 rallied about 80% over the course of about 14 months before stalling out for the next 6 months. Here we are today, up about 80% in the past 14-months since the March 2020 low. Keep in mind we're also facing seasonal headwinds as we enter the "worst six months" for the S&P 500 (May-November). Will the current recovery continue following along the path of the 2009 recovery? If so, we could be due for some turbulence in the coming months.