The one thing that kills a bull market
Advertisement
A recession.
Advertisement
In a recent note to clients, a UBS team led by strategist Julian Emanuel shared a chart showing the S&P 500 compared with recessions in the US.
Notably, downturns in the market overlap with rough economic times.
"It is worth noting that no US equity bear market of the last 25 years has begun without a recession starting within 12 months following the market top," the team wrote.
Check it out below.
Advertisement
UBS
Advertisement
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study