"Is the bear market over? Hard to say, but a lot of the bad news was priced in. With a maximum drawdown of -28%, SPX discounted 85% of a typical 33% market decline and 78% of a recession bear market. I still like the 1946 counterpart-"
It's hard to predict if the bear market is over or not, but it's possible that most of the negative news has already been factored in. With a maximum drawdown of -28%, the S&P 500 has already priced in a significant portion of a typical market decline and a recession bear market. It's interesting that the author mentions the 1946 counterpart - I wonder if they see any similarities between the current market conditions and those of the past.