Bull Market Near-Death Experiences Are Weirdly Common in History
- Traders dip their toes back in when S&P falls about 20%: Maley
- Similar reversals happened in 2018, 2011 and 1998: Evercore
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It could only matter to a statistician: the S&P 500’s late-day bounce kept it from closing 20% below its last record, averting the most curmudgeonly definition of a bear market. For now.
To Wall Street analysts trying to keep pace, it’s another twist in a baffling year. But for market historians, it can’t help but ring a faint, bullish bell.