Positive Yet Alert
Author: Thomas A. Martin, CFA, Senior Portfolio Manager
The new Bull Market broke out at the beginning of June. That’s if you go by the 20% rule and use the S&P 500 as your representative index. That’s almost exactly one-and-a-half years since the bear market started at the very beginning of 2022. The bear market lasted almost ten-and-a-half months, ending in mid-October and delivered a total return drawdown of -24.5%. So far, the new bull market has run for a little over eight months and made a recent high on June 15th, logging a total return to that point of +25.2%, and has backed off the last few days. That high is down a mere 5.4% from the all-time high, quite a significant reclaiming of the painful 2022 drawdown.
Source: https://etfdb.com/etf-strategist-channel/positive-yet-alert/
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