How this bear-market rally has been textbook in terms of length and magnitude

According to Michael Hartnett, chief investment strategist for Bank of America, the average S&P 500 index gain since 1929 has been 17.2%, and it’s lasted 39 trading days. This one has seen a 17.4% gain in 41 days.

Very few fear the Federal Reserve, Hartnett says. But real interest rates — which he defines as the 10-year Treasury yield TMUBMUSD10Y, 2.973% minus year-over-year CPI inflation — are still deeply negative, at -6%.

RemindMe_OfThis in 6 weeks

Whether it's a bearmarket rally or the start of a new BullMarket it's difficult to call. However, in the long run the StockMarket generally goes up and to the right. invest early, think about the long run and hope for the best!

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