This time is different. Firstly, in previous market sell-offs, the markets were not grappling with inflationary threats or geopolitical tensions like the current Russian-Ukraine war.The Fed stepped in to provide market support that allowed the market to bounce back from the loss of confidence and a “Fed Put” helped to calm sentiment.
THE S&P 500 Index (SPX), which is a broader indicator of the US stock market performance, recently experienced another historical move that added to the list of records that it holds.
As of the end of last week, the SPX, although briefly traded below the 20% mark from the high of the year and into the bear market territory, bounced back to close just above the crucial 3,837.25 points mark and avoided the official bear market territory – for now.
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