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S&P 500’s powerful snapback will keep the bear hibernating for another year

Simon Maierhofer
S&P 500’s powerful snapback will keep the bear hibernating for another year

The risk that the S&P 500 is headed into as bear market in the next 12 months is zero, based on the stock market’s latest snap-back-rally high. Since Sept. 20, the S&P 500 (SPX)  has first fallen 19.78% from an all-time high, then recovered all of its losses and more to hit another record close. Only once — in 1998 — did the S&P complete such a round trip quicker.