The S&P 500 Just Did Something That Was Last Witnessed Less Than a Year Before the Dot-Com Bubble Burst — and History Is Clear What Comes Next for Stocks

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By December 2000, the rolling six-month returns had shown a complete reversal, with a 20.6% outperformance for the S&P 500 Quality Index compared to the S&P 500. When historically pricey stocks with …