There has never been a recovery in the stock market like this.
Standard & Poor’s analysts have recorded the previous 10 times since 1957 that the S&P 500 has dropped 25% or more from a historic record. The graph shows that this is the best reaction to a reduction since World War II.
It was exactly a year ago, on February 19, 2020, that the S&P 500 SPX,
reached a historic record, and the VIX, VIX, stock market volatility index
was at a low level of 14. This quickly changed in the face of the COVID-19 pandemic that spread outside China to the world.
“Since then, business attire around the world has accumulated dust, while the positive side is that we have all become better at telecommuting. Now, 366 days later, there are strong reasons to expect us to be closer to the end than the beginning, ”said Tim Edwards, managing director of the index investment strategy at S&P Dow Jones Indices.
The S&P 500 rose 75% from March lows. The high-tech Nasdaq Composite COMP,
more than doubled.