There has never been such a recovery in the stock market.
Analysts at Standard & Poor’s have charted the previous 10 times since 1957 that the S&P 500 fell 25% or more from a record high. The graph shows that this is the best response to a downturn since World War II.
It was exactly one year ago, on February 19, 2020, that the S&P 500 SPX,
reached an all-time high, and the VIX stock market volatility index VIX,
was at a low 14. That quickly changed in light of the COVID-19 pandemic that spread around the world outside China.
“Since then, corporate clothing has gathered dust all over the world, while on the bright side we’ve all gotten better at telecommuting. Now, 366 days later, there are strong grounds to hope that we are closer to the end than the beginning, ”said Tim Edwards, director of index investment strategy for S&P Dow Jones Indices.
The S&P 500 is up 75% from its March low. The technology-heavy Nasdaq Composite COMP,
has more than doubled.