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More U.S. Stock Pain Ahead If Past Corrections Are Guide: Chart
More U.S. Stock Pain Ahead If Past Corrections Are Guide: Chart
05 Apr 2018, 02:05 AM IST
(Bloomberg) -- Do Tuesday’s gains for the S&P 500 Index have you thinking about better days ahead? If so, be patient. In this bull market alone, it’s taken almost 200 days (about six and a half months) on average for equities to claw back from prior corrections. That means that if the benchmark gauge rose back to its Jan. 26 high this week, it would be the second shortest and second shallowest of them all.
To contact the reporters on this story: Sophie Caronello in Washington at scaronello@bloomberg.net, Lu Wang in New York at lwang8@bloomberg.net.
To contact the editor responsible for this story: Jeremy Herron at jherron8@bloomberg.net.
©2018 Bloomberg L.P.
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