SFS Insights

• Historically, December has been the strongest month, as measured by the proportion of positive monthly returns, with 75% of Decembers in the green.



• U.S. equities passed some important milestones as November came to a close.

• The S&P 500 had consecutive months higher for the first time since August 2021, the fifth longest streak all time dating back to 1928 (including the S&P 500’s predecessor indexes). It’s a tiny sample, but all four times a longer streak ended, the S&P 500 was up a year later with an average return over 25%.

• The strength of the rally over the last two months does not surprise us, given how much pessimism was priced into the market, but a heavily inverted yield curve and weak leading indicators keep any equity market optimism still very cautious.

Robert Schermerhorn, CFP® 

Jamie Usas, CFP®

Operations Manager

Amanda Friedman

Wealth Consultant

Andrew Chapman, CFP®

Operations Research Associate

Lauren Bliss

Office Coordinator

Saratoga Financial Services

18 Division Street, Suite 305

Saratoga Springs, NY 12866

Phone: (518) 584-2555

www.SaratogaRetire.com

Securities & advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC