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Ryan Detrick, chief market strategist at Carson Group, highlights that the S&P 500 recorded its strongest second-quarter returns ever for a U.S. midterm year.
Detrick also notes that this was the fifth-best second quarter for the index overall.
Earlier this year, Detrick reported that Carson Group’s proprietary index was signaling a period of rapid U.S. economic improvement, with previous recession risks receding (full report). In a separate analysis, he noted the S&P 500 has never recorded a peak in June and anticipated that the current trend would hold (historical trend). These observations add context to his recent comments on the index’s strong quarterly performance.