Posted by Final heat map of the S&P 500's performance from today pic.twitter.com/uPFSvomm1V
— Stock Market News (@StockMKTNewz) June 14, 2022
This is the 20th bear market of past 140 years.
– Average peak to trough bear decline = 37.3%
– Average duration 289 days
– According to BofA, if history is a guide today’s bear market would end on Oct 19th 2022 with the S&P 500 at 3000— zerohedge (@zerohedge) June 14, 2022
"Fed put" keeps sliding, now down to 3,453 per FMS. it will continue to slide as long as stocks keep dropping with Fed doing nothing. pic.twitter.com/kKqLST7wqL
— zerohedge (@zerohedge) June 14, 2022
Despite a new YTD low in the S&P 500, Vanda Research estimated retail investors made net purchases of $1.6bn and $1.8bn over the last two days.
That's higher than the YTD daily average of about $1.4bn.
''Buy the dip, bro!''
— Alf (@MacroAlf) June 14, 2022
17% of stocks in the S&P 500 closed above their 200-day moving average today, the lowest % since April 2020. $SPX pic.twitter.com/OhxiY7NqHA
— Charlie Bilello (@charliebilello) June 14, 2022
Looking at the trailing price to earnings ratio on the S&P 500 at previous bear market bottoms shows there is likely more room for multiples to compress. On average, the P/E ratio trades at 11.7x when a bear market bottoms which is much lower than the 18.4x today. pic.twitter.com/cTbHDowa9F
— Strategas Asset Management (@strategasasset) June 14, 2022
The S&P 500 is down 21.3% in the first 112 trading days of 2022, the worst start to a year since 1940. $SPX pic.twitter.com/JuDX9if3bO
— Charlie Bilello (@charliebilello) June 13, 2022
Junk bond yields have gone from 4% at the end of Dec (eg 6 mo's ago) to 8.4% today. That's their highest level since 2015. Prepare to see an absolute ONSLAUGHT of corp defaults and downgrades. The myth of corp B/S strength is about to be shattered spectacularly. pic.twitter.com/tpKEkPbZVA
— steph pomboy (@spomboy) June 14, 2022
S&P 500: Buy the Dip ?
~currently trading near 0.38 Fib Retracement
~gained 150% from march 2020 low to ATH
~Nearly down 20% from ATH pic.twitter.com/rUS7Antzih— Pankaj Maddesiya (@iamPank4j) June 13, 2022
The S&P 500's P/E ratio has moved under 18 for the first time since 2018. The median since 1988 is 18.4.
Bulls will say this is positive (stocks are undoubtedly cheaper than they were in January) but Bears will say not so fast, that E will come down hard in the recession. pic.twitter.com/LIL2Zj32AW
— Charlie Bilello (@charliebilello) June 13, 2022
31% of S&P 500 members made a new 52w low yesterday … takes out the mid-May high and is the largest share since the March 2020 bear plunge pic.twitter.com/eLIsLLojcv
— Liz Ann Sonders (@LizAnnSonders) June 14, 2022
Utilities leading the way down in the S&P 500 today. $XLU down another -3%. Utilities had a great run in March, but have lost a lot of steam. pic.twitter.com/1H8FrDvqve
— Jack Damn (@JackDamn) June 14, 2022