First 5% Plus Month in 5 Years

My friend Josh points out:

We have not had a 5%+ up month on the S&P since December 2003 — a streak of abut 62 months. With a week left in March, and the SPX up +9%, we could end that cold streak.

The last such month was December ’03. (Peter Boockvar notes we got close in April ’08 when SPX was up 4.75%).

The key question is, does this have any correlation to market bottoms?

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