The S&P 500 recently saw its 7th “near” bear market since WWII, dropping 18.9%.
Historically, after the previous six similar declines, the market rebounded every time — with an average gain of 13.4% over the following year. History doesn’t repeat, but it often rhymes… source : bespoke
The market cap of the S&P 500 is now at $53.7 Trillion
Source: econovisuals
This is what typically has happened in the past to the SP500 after major conflicts have arisen.
Source: fxevolution @fxevolution
The market's recovery has been truly historic:
The S&P 500 has rallied +20.4% over the last 41 trading sessions, its third-best run this century. During the same period, the Nasdaq 100 has risen +27.3%, its third-biggest rally since 2002. Only 2020 and 2008 haven seen such sharp recoveries over the last two decades. As a result, the S&P 500 and the Nasdaq 100 are now trading just 2.1% and 1.8% from their all-time highs. We have gone from a historically weak to a historically strong market in a matter of days. Source: The Kobeissi Letter, Bloomberg
Did they give us covid 2.0 ???
Source: Trend Spider
S&P 500 earnings estimates are now surpassing the prior high, which happened just before 'Liberation Day'.
First-quarter earnings season wraps up, underscoring corporate strength. S&P 500 companies grew profits 12.5% y-o-y, the third quarter of double-digit growth in the past four. While earnings growth estimates for 2025 have been revised down from 14% to 8.5%, the 2026 outlook remains steady, pointing to the potential for reacceleration. Notably, the forward 12-month earnings estimate has recently reached a new high, providing a fundamental anchor for rising equity markets. While valuations have undoubtedly contributed to the recent gains, earnings appear to have also played an important role as well. Source: Edward Jones
GS: S&P 500 and soft data typically trough before hard data
Source: Goldman Sachs, Mike Zaccardi, CFA, CMT, MBA
If you squint hard enough, you'll notice an outlier in the S&P 500 when it comes to Price/Sales vs YTD Return.
Source: Koyfin
