WHAT THE BULL GIVETH, THE bear taketh away. Investors who thought the bear market might be over after summer’s strong gains got a reminder this fall that bear-market rallies can be exhilarating but fleeting. Following a 24% drop from the record high in January through mid June, the S&P 500 index rallied 17% through mid August, only to fall again, under- cutting its June low. On October 7, the broad-market benchmark was down 16% from its summer peak, and it was again 24% south of its January high.
Welcome to phase two of the bear market, says Sameer Samana, senior global market strategist at Wells Fargo Investment Institute. We could be entering what is often the longest phase in the market’s bottoming process, notable for the kinds of zigs and zags we’ve been living through. “For investors, the consolidation phase will likely present the biggest test of emotional fortitude and investment discipline,” Samana says. “Sharp rallies may present a siren song of opportunity that will try to entice investors with the promise of quick gains, only to be dashed quickly by disappointments that lead prices back to the lower end of the trading range.”
هذه القصة مأخوذة من طبعة December 2022 من Kiplinger's Personal Finance.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 2022 من Kiplinger's Personal Finance.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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