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The Most Unloved Bull Market In History?

The Most Unloved Bull Market In History?

Posted July 6, 2023 at 11:30 am
Interactive Advisors

By: Gerald Sparrow  President & Founder, Sparrow Capital Management, Inc.

What is a bull market, and more importantly, who determines if we are in one?

Technically speaking, a bull market is defined as a 20% gain in a stock market index, such as the Standard & Poor’s 500, from a closing low.

So are we in one? Technically, no. The S&P 500 hit a low of 3,583 on October 10, 2022. So a 20% gain would put the S&P 500 at right about 4,300. As you can see from the accompanying chart, the S&P 500 is still below that level.

Weekly close on the S&P 500 from May 18, 2022 to May 18, 2023

The accompanying chart also shows how challenging the stock market has been since October 2022. When stock prices rally higher, those gains are often met by selling pressure. So it’s easy to understand that it has been a difficult period to remain focused as an investor.

It’s also a period that reminds us how important it is to “tune out the noise” and focus on what you can control, like your time horizon, risk tolerance, and goals.

Originally Posted June 28, 2023 – The most unloved bull market in history?

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One thought on “The Most Unloved Bull Market In History?”

  • Roger B Fox

    Seems like every bull market is deemed “the most unloved bull market in history”.

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