Chart of the Day - Friday, March 18th, 2022

Today’s Chart of the Day was shared by Ryan Detrick (@RyanDetrick). The S&P 500 just had its best week since the 2020 Presidential Election, rising more than 6%. Ryan points out that Friday was the 4th consecutive day that the index rose 1% or more. We've only seen this happen four prior times since 1950, so the sample size is small, but returns have been strong across the board. The S&P 500 is still more than 6% below its all-time highs, so there's still a lot of work to be done. We reclaimed the 50-day moving average today, but we're still a hair below the 200-day. Let's see if the bulls can build on this momentum next week.