The S&P 500 officially posts its best monthly performance in 12 months. $SPY (+0,57 %)

The S&P 500 closed the month nearly 6% higher, adding more than the last 4 months COMBINED.

This marks the largest monthly gain since the 9% seen in November 2023, after the market began its historic run.

Since the October 2023 low, the S&P 500 has rallied a whopping 47% and is on track for the 2nd straight 25%+ annual return.

At the same time, the index also crossed above $50 trillion in market cap for the first time.

The strength of this market is truly historic.

The S&P 500 just hit its 53rd all time high of 2024 and is currently up over 27% this year ALONE.

This puts the S&P 500 on track for 2 STRAIGHT years with 20%+ gains for the first time since 1998.