Tag Archives: bear market
The Power of Style
At some risk of oversimplification, the 16.1% decline in the S&P 500® for the first eight months of 2022 can be divided into three intervals, as the market fell by 20.0% through June, rallied in July, and then resumed its decline in August. This story, of course, is still evolving: for all we now know,…
S&P 500 GARP Index: Growth at a Reasonable Price Anyone?
While growth stocks have the potential to grow at a rate significantly above the market, they have faltered during 2022 on the back of high inflation and rising interest rates. For market participants toying with the idea of when and how to get back in, the S&P 500® GARP (Growth at a Reasonable Price) Index…
- Categories Equities
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Patience Is a Virtue
With the first half of 2022 in the books, commentators have noted that this year’s -20.0% total return for the S&P 500® is the worst January-June result in more than 50 years. Painful as the first six months were, what might they tell us about the rest of the year? History gives us both bad…
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Bearing Through
On Monday, June 13, 2022, the S&P 500® officially entered bear market territory, having lost more than 20% of the value from its peak on Jan. 3, 2022. Just as we didn’t know on Jan. 3 that the market was going to decline, today we don’t know the full extent and duration of the new…
- Categories Equities, S&P 500 & DJIA
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- Equities, S&P 500 & DJIA
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Coronaviral Correlations
Mea culpa: Roughly a month ago I used a dispersion-correlation map to describe how index dynamics can illuminate market movements. In particular, I reported that since high dispersion seems to be a necessary condition for a bear market, and S&P 500 dispersion levels at the end of February were far below those prevailing in past…
- Categories Equities, S&P 500 & DJIA
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Equity Liquidity at a Reasonable Price
The fall in equity market values since February’s peak has been sudden and dramatic. During this period, the equity markets have functioned well at their primary task of facilitating price discovery at a time when values were changing rapidly. Equity investors who wanted to trade have been able to trade. (Whether they were wise to…
- Categories Equities, S&P 500 & DJIA
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The Best Offense Is Defense – Why VEQTOR Outperformed Last Week
Six minutes after trading began on the New York Stock Exchange on March 9, 2020, the S&P 500® plummeted 7% and market-wide circuit breakers kicked in for the first time since the stock market crash of Oct. 27, 1997. However, the indices fell again later in the week and triggered another circuit breaker on Thursday,…
- Categories Strategy
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The Most Dangerous Words
The four most dangerous words in investing are “This time it’s different.” – Sir John Templeton As investors ponder the ultimate extent of the coronavirus epidemic, this week’s equity market declines are of natural concern to every asset owner. The obvious question, after near-record point drops in major indices yesterday and today, is how much…
- Categories Equities, S&P 500 & DJIA
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Taking Stock Of U.S. Equities In 2018
As the year comes to a close with just two trading days left of the second worst December on record since 1931 for the S&P 500, it may be hard to remember the relatively calm rise before the volatile downturn took over. Though there is not an official bear market yet, there was a 19.8%…
- Categories Equities, S&P 500 & DJIA
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- Equities, S&P 500 & DJIA
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Large Caps Lag In Rebounds
The entire U.S, equity market lost on Monday, Dec. 17, 2018, meaning every one of the 42 segments by size, sector and style finished negative for the day. This was the second day in a row with losses across the board. From Oct. 10-11, 2018 was the last time two consecutive days with all losses…
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