SentimentEdge report

Jason Goepfert

8-02-2022 at 11:00 am

Uptrends in S&P 500 stocks stage an impressive recovery

The S&P 500 enjoyed its best monthly gain in over a year after suffering a large drawdown, which is price action typically seen at the ends of bear markets. Within the index, more than 75% of member stocks are in medium-term uptrends, a sharp recovery from what had been fewer than 5% of stocks. That preceded gains 100% of the time.

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