If the month were to end today, this would be the Russell 2,000's third biggest 2-month gain (+24.3%) in its history. Still 2 trading days to go…
Biggest 2-month gains in the Russell's history:
Nov-Dec '20: +28.4%
Mar-Apr '09: +25.3%
Nov-Dec '23: +24.3%*
Oct-Nov '82: +24.2% pic.twitter.com/IMIfgcaofL— Bespoke (@bespokeinvest) December 27, 2023
Today’s Chart of the Day was shared by Bespoke (@bespokeinvest). November and December have historically been strong months for the Russell 2000, but these months were much stronger than usual this year. Bespoke points out that the Small-Cap index has surged +24.3% since the end of October, marking its third-best two-month gain ever. Thrusts of this magnitude are rare, but they’ve exclusively occurred in the early stages of bull markets, after major cyclical lows.