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A Market Puke and Rally - A Wealth of Common Sense
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A Market Puke and Rally - A Wealth of Common Sense
It’s been a wild ride in the stock market this year: The S&P 500 was up around 5% on the year through mid-February. It was more or less straight down from there. By the end of the first week in April the market was down more than 15%, good enough for a drawdown of 18.9% from peak to trough. Now stocks are up nearly 14% from the lows and down less than 4% on the year. This is a classic puke and rally, which happ...
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