Listening to sentiment alone would lead investors to believe we are 50% down on the S&P 500 and we have another 50% to go.
But, this simply is not true. When benchmarking the markets recent price action by sector, this bear market, on a technical basis, has the hall marks of every market bottom since 2000.
Recollecting Howard Marks book, “Mastering the Market Cycle”, there was a particular part that was of importance.
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