Is this the end of the bull market or a pause to refresh the lead? By StockNews
© Reuters. Is this the end of the bull market or a pause to refresh the lead?
“It’s good to be in something downstairs. I arrived too late for that and I know. But lately, I feel like I’ve come to the end. The best is over. These were the words of Tony Soprano in the first episode of The Sopranos. And, it foreshadowed two of the show’s major themes – the decline of the American Empire and the failure of 20th century institutions to remain relevant in the 21st century. It’s also very relevant to investors given the beating the S&P 500 (SPY) has taken over the past week. The main focus of today’s commentary will address this question: is this the end of the bull market? Or is it just a break to refresh the lead? Read on below to find out more… (Please enjoy this updated version of my weekly commentary posted on December 02, 2021 from the POWR Stocks Under $ 10 newsletter).
Over the past couple of weeks, we’ve been discussing the stealth sell off of small caps and cyclical stocks. Last week sales widened and the S&P 500 fell 2.4%.
Market volatility only continued and led to uncontrolled fluctuations in intraday prices. Overall, the S&P 500 was down 4.9% from its all-time Nov 22 high to yesterday’s low.
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