STOCK MARKET WATCH -- Wednesday, 13 July 2022

[Tansy_Gold]

STOCK MARKET WATCH, Wednesday, 13 July 2022

Previous SMW:
SMW for 12 July 2022




AT THE CLOSING BELL ON 12 July 2022



Dow Jones 30,981.33 -192.51 (0.62%)
S&P 500 3,818.80 -35.63 (0.92%)
Nasdaq 11,264.73 -107.87 (0.95%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[progree]

1. S&P 500 back below the "bear line", down 20.4% from its Jan 3 all-time high

Stock market: Here's what usually happens after a 20% plunge Yahoo Finance, 7/10/22
https://www.msn.com/en-us/money/markets/stock-market-here-s-what-usually-happens-after-a-20-plunge/ar-AAZqi0r

Going all the way back to 1950 according to the table --

I'm going by the table, which differs from the article's narrative a bit.

There are 10 cases total of a 20% or more drop from a record high since 1950. The 10th case is the March 2020 bear market, and we don't have 3 years later results yet

After 1 year: 7 out of 10 were positive, with an average return of +15%.

After 2 years: 7 out of 10 were positive with an average return of +26%

After 3 years: 8 out of 9 were positive with an average return of +29%

The average return includes the ones with negative returns, e.g. for the "after 2 years" case:
(46 + 45 + 36 + 20 - 6 + 40 + 48 - 27 - 17 + 72)/10 = +25.7