SteadyTapeQuantitative Market Research

First 100 Days Barometer

2026: +10.2% over the first 100 trading days (>= +8%). Median RoY forward: +14.5%. Strong-start year — rest-of-year bias bullish; dips toward the day-100 close are buyable.

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When SPY gains >=8% over the first 100 trading days of the year, the rest of the year has been positive ~88% of the time with a double-digit median.

2026 First 100
+10.2%
Threshold
+8%
Qualified Years
9
since 1993
RoY Median
+14.5%
100% win

When to run this study

Finalizes around the 100th trading day of the year (late May). When SPY is up >=8% over the first 100 trading days, the rest of the year has been positive ~88% of the time with a double-digit median — a bullish floor reference for the back half of the year.

Historical results

Forward SPY returns from day 100 (qualified years)

WindowNWin%MedianMean
1M977.803.612.64
3M988.905.884.18
6M910010.7611.84
RoY910014.4714.33