Bloomberg Businessweek - USA (2020-04-20)

F I N A N C E

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Bloomberg Businessweek April 20, 2020

Is thisa bearmarketora bullmarket?It’sa strange

questiontoaskjustweeksaftera 34%declinein

theS&P,buthereweare.ThesurgeintheS&P 500

fromitslowonMarch 23 exceededthe20%thresh-

oldmanysaydefinesthestartofa bullmarket,

evenif therecordhighonFeb. 19 remainsa distant

memory.Likeeveryonestuckathomeforthepast

Edited by

Pat Regnier

few weeks lamenting that they aren’t sure what day

it is, investors are finding the Covid-19 pandemic

disorienting. No one seems 100% sure what type

of market environment this is.

Bear markets are famous for including stun-

ning rallies that turn out to be short-lived. The

financial crisis had a few such upswings, including

Don’t Stop Worrying

The S&P 500 has climbed up from the bottom,

but a scary earnings season looms