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Bull Market in S&P 500 Goes AWOL as History Rewards Patience

  • The average yearly return when they snapped out of it is 24%
  • S&P 500 has gone 10 months without reaching a fresh high
Bloomberg business news

Is Lack of Volatility a Sign of Better Market?

Updated on

For investors getting antsy after a yearlong stretch in which U.S. stocks have gone nowhere, patience may yet be a virtue.

It has seemed like anything but a bull market for months, with earnings in free fall, the Federal Reserve raising interest rates and investors pulling dollars from equity funds by the billions. Down 1.2 percent from a year ago, the Standard & Poor’s 500 Index hasn’t seen a new high in 10 months, the longest streak outside a bear market since 1995.