Bonus Chart of the Day: One You'll Like, But Still....
We're guessing you'll like this chart and commentary from Bloomberg; operative words being "during non-recession years."
Click to enlarge...
Following Monday’s market crash that saw the S&P 500 Index decline by over 4 percent, investors worldwide are wondering what will come next. Bloomberg’s analysis of the benchmark’s median price return after a one-day decline of at least 4 percent during non-recession years since 1928 suggests some consolidation may occur over the next week before the equity rally resumes, ultimately returning around 14 percent in the next 12 months. The one wildcard that still remains -- how all the volatility and quant strategies behave in the next few days.
Still, we should assume that it ain't over just yet...
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