Daily Report : We're officially in a recession; The 'big four' have stormed back

The NBER has declared a peak in the business cycle. Obviously, stocks already priced much of that in, and then an eventual recovery. This isn't all that unusual since this particular organization tends to be conservative. By the time it feels comfortable declaring a recession, most losses have already been realized.; All four of the 'big four' stock indexes (S&P 500, DJIA, Nasdaq Composite, and Russell 2000) have made back more than 75% of their losses. By the time all four have recovered to this degree, it has indicated sustained recoveries.