There has never been a stock market recovery like this.
Standard & Poor’s analysts have reported the previous ten times since 1957 that the S&P 500 fell 25% or more from its all-time high. The graph shows that this is the best reaction to a reduction since World War II.
It was exactly a year ago, on February 19, 2020, that the S&P 500 SPX,
reached the all-time high and the VIX Stock Exchange volatility index,
stood at a low of 14. This quickly turned in the face of the COVID-19 pandemic that spread outside of China around the world.
“Since then, business clothing around the world has picked up dust, while on the positive side we have all improved in telecommuting. Now, 366 days later, there is strong reason to expect us to be closer to the end than the beginning, ”said Tim Edwards, CEO of S&P Dow Jones Indices.
The S&P 500 is up 75% from its March lows. The Nasdaq Composite COMP, very heavy in technology,
has more than doubled.