The S&P 500 stock market index is higher today (at the close) than it was at the beginning of the calendar year.
I find this to be an amazing fact, given all that has happened in the past three months or so.
From CNBC,
S&P 500 futures are little changed after index erases Iran war losses.
To be clear, the 2026 gain to date is tiny, under 1 percent. And the index is still a little under 2 percent below its all-time high, achieved earlier this year.
But still, a remarkable turnaround. For the past 12 months, the index is up over 27 percent, reflecting the mid-spring trough over the tariff wars last April.
