Stocktake: Dramatic surge could be more than another a bear-market rally

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 98%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Investors will hope history repeats itself in the coming months after a very troubled year for stock markets

S&P 500 is up 10% since mid-October, and there’s a history of such abrupt growth signalling the start of a recoveryStock market surges can turn out to be mere bear-market rallies but recent big moves in the S&P 500 look bullish. Photograph: Martin Leissl/BloombergSome of the biggest upside moves turn out to be mere bear market rallies, so the recent surge – the S&P 500 has gained over 10 per cent since mid-October – doesn’t mean stocks have turned the corner.

Nevertheless, last Thursday’s big move, when the S&P 500 gapped up by over 3 per cent at the open, looks bullish, says the Carson Group’s Ryan Detrick. Similarly large gaps higher were seen in November 2020, after the US presidential election; in March-April 2020, when there were five such episodes; at another market bottom in August 2015; and in May 2010, after the short-lived flash crash in US stocks.

“Those weren’t the worst times to be optimistic about the world,” notes Detrick. Investors will be hoping history repeats itself in the coming months, easing the pain of what’s been a very troubled year for stock markets.IN THIS SECTION

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 3. in BR

Brasil Últimas Notícias, Brasil Manchetes