There has never been a stock market recovery like this.
Analysts at Standard & Poor’s have recorded 10 times since 1957 that the S&P 500 has fallen 25 percent or more from its all-time high. The chart shows that this is the best reaction to a withdrawal from World War II.
It was exactly one year ago, on February 19, 2020, that the S&P 500 SPX,
reached an all-time high and the VIX stock market volatility index VIX,
it was at a low level of 14. It quickly turned in the face of the COVID-19 pandemic that spread outside China around the world.
“Since then, business clothing around the world has gathered dust, while on the better side, we have all improved on telecommuting. Now, 366 days later, there is strong reason to hope that we are closer to the end than the beginning, ”said Tim Edwards, general manager of index investment strategy for the S&P Dow Jones Indices.
The S&P 500 rose 75% from its March lows. Nasdaq Composite COMP
has more than doubled.