At the 2023 correction low, just 25% of the S&P 500 was above its 200-day SMA. So far this time? The worst we've seen is 40%. $SPY https://t.co/KUnIUcXfBf
"Bear markets tended to bottom when the index was more than 20% below its 200-dma." Yardeni https://t.co/Vw3h0Adk15
Desde 1998, ha habido 11 correcciones (caídas de precios 10%) en el S&P 500, con una baja promedio del 14,3%. https://t.co/ATsEucXZvh
The S&P 500 has experienced 59 corrections since 1928, with the current correction marking the 60th. Of these, 17, or 28.8%, have led to bear markets, while 42, or 71.2%, stalled between 10% and 20% below their highs. Notably, 10 out of the 59 corrections, representing 16.9%, did not decline beyond 10.5%. Recent analysis indicates that bear markets typically bottom when the index is over 20% below its 200-day moving average (DMA). Historical data shows that since 1998, there have been 11 corrections of at least 10% in the S&P 500, with an average decline of 14.3%. At the recent correction low, only 25% of the S&P 500 was above its 200-day simple moving average (SMA), whereas the worst observed during the current correction has been 40%. This suggests a potential divergence in market strength compared to past corrections.
