Bear Markets – The 2020 Sell-Off vs. History

Bear Markets – The 2020 Sell-Off vs. History Global assets declined in-line with historical norms during the coronavirus crisis. Image: Goldman Sachs Global Investment Research

S&P 500 and Market Recoveries

S&P 500 and Market Recoveries Historically, after a crisis, market recoveries came largely from multiple expansion. Image: Gavekal, Macrobond

S&P 500 and Bear Market Bottom

S&P 500 and Bear Market Bottom Historically, bear markets tend to retest the bottom either once or twice. Image: Gavekal, Macrobond

S&P 500 Performance and Risk Appetite Indicator

S&P 500 Performance and Risk Appetite Indicator This chart suggests that the S&P 500 has historically recovered, after the Risk Appetite Indicator falls below -2. Image: Goldman Sachs Global Investment Research