Good News and Bad News for Bottom Fishers in the U.S. Stock Market
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The S&P 500 index in the US has risen for six consecutive days, essentially recovering from the decline since April 2. Historical data shows that since 1970, the S&P 500 index has turned upward after experiencing the 10 largest monthly pullbacks. The good news is that after these 10 major declines, 9 of them continued to rise in the following 1 month, 3 months, 6 months, and 12 months. The bad news is that the only exception occurred in December 1973, when the US experienced stagflation, and the current tariff shocks are seen as a similar economic challenge
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