How does market sentiment swing from joy to fright? Of government spending and central bank interventions!
March 23rd marked the first anniversary of the current bull market. Exactly one year ago, the S&P 500 dropped to its lowest level in the short but tough Corona bear market. Although it only lasted a good four weeks, it pushed the market down by 34%. It fell just as much as in the famous crash year of 1987. Back then, it took 20 months for the market to recoup its losse