4.12.23 Bull Market or Not, the Rebound off the October 2022 Lows Has Been Lackluster
Today marks the six-month anniversary from the October 12, 2022 low in the S&P 500. Since the 25.4% drop in the index from January 3, 2022 through that day in October (is it me or do bear markets often end in October), the S&P 500 has rallied 15.1%, as shown in the accompanying table. That sounds pretty good, right? Well, it’s not, based on history.
The table below shows the average gain for the S&P 500 six months off the bear market low is 25%. So this bull market, which isn’t officially a bull market because the index has not yet achieved a 20% gain, would be one of the weakest. In fact, of the 17 bear m
... Read more