Stocks hit a bear-market low 1 year ago. Time to celebrate?

📆 2023-10-12 2:09 PM
📰 MarketWatch

⏱ Reading Time:
35 sec. here
2 min. at publisher
📊 Quality Score:
News: 17%
Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

William Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.

Not everyone was eager to break out the cake and champagne Thursday, which marks the first anniversary of the S&P 500’s SPX bear-market low on Oct. 12, 2022. The large-cap benchmark subsequently exited the bear market on June 8, when it closed more than 20% above the October low — meeting a widely used threshold.

In the social-media post below, Ryan Detrick, chief market strategist at Carson Group, notes the S&P 500 has seen the weakest first-year performance for a baby bull since the recovery from the 1987 stock-market crash: Stovall noted that every S&P 500 bull market since 1949 has ended only after fully retracing its losses from the previous bear market. The current bull has retraced only 83% of its fall.

Analysts at Bespoke Investment Group put together the chart below of the 25 best- and worst-performing stocks in the large-cap Russell 1000 RUI since Oct. 12 of last year — topped of course by AI standard-bearer Nvidia Corp. NVDA, -0.39% and its 307.3% one-year return:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Time for a big shift from stocks to credit: Howard MarksWith prospective returns on credit finally competitive with equities, investors should make a big shift, Marks says
Source: MarketWatch - 🏆 3. / 97 Read more »

Biden to meet on U.S. economy with CEOs from IBM, Target, other companiesVictor Reklaitis is a Washington Correspondent for MarketWatch. During his time at MarketWatch, he also has served in roles in the London and New York newsrooms. Prior to joining MarketWatch, he worked at Investor’s Business Daily and for newspapers in Virginia.
Source: MarketWatch - 🏆 3. / 97 Read more »