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OPINION

S&P Reaches New Highs Every Month Of 2021

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
AP Photo/Peter Morgan, File

From time to time, following the market is like following sports…investors and fans love streaks and other fun trends.

The S&P has seen new highs each month this year. Only once in history has every single month seen at least one new record, and that was 2014. There have been 60 sessions that closed at new high in 2021, and the record is 77.

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Seasonality & Historic Trends

To see the charts, click here, and here.

If we shatter records, it will be because of earnings – the top five names in the S&P 500 have one thing in common – strong guidance. Note, companies can miss but strong guidance makes all the difference.

Arista Networks, Inc.

XLK

408.57

+98.91

+24.21%

Under Amour, Inc.

XLY

21.98

+3.72

+16.94%

Gartner, Inc.

XLK

328.40

+26.60

+8.10%

IPG Photonics Corp.

XLK

163.26

+12.33

+7.55%

Zebra Technologies Corp.

XLK

542.59

+31.75

+5.85%

Then there’s Avis (CAR), which is crushing it on earnings and a short squeeze. I’m sick we took profits on this early and even mentioned as much on the conference call we recently had. Hindsight is 20-20, but I have gone through a box of tissues.

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