With the first half of 2023 just past us, the S&P 500 has delivered a stellar return of over 15%. This report will look at the historical returns in the last 10 instances since 1989 following a strong first half performance of over 10% gains which further lends credence that investors should remain vested for the the upcoming 2^nd half of the year.

Following a strong 1^st half of the year, the S&P 500 has continued to deliver positive returns in the 2^nd half of the year in the past 10 instances. The average 1H return was 14.82% while the 2H typically provided slightly lower average returns of 11.16%, with 2H underperforming 1H in 8 of the last 10 times (80%). The market generated very healthy annual returns averaging 27.61% in the last 10 years where we saw 1H returning over 10%.

Conclusion:

The data further supports the conclusion mentioned in the previous report that investors should remain vested through May as they are usually rewarded with healthy average returns in the upcoming 2^nd half of the year, shaping up for a bullish annual return.