The S&P 500 rebounded Tuesday after seeing its worst trading day of the year on Monday. And according to one strategist, history is pointing to even more short-term gains.
Looking at a chart of the S&P 500 ETF, the SPY, Gilbert noted that there have been 39 instances since January 2010 where the market has closed down at least 2 percent. But it's what happens in the week after the selloff that's got Gilbert excited: In 24 of those 39 instances, the S&P has rallied an average of 3 percent in the five days to follow. (Tweet this)