3 min read.Updated: 22 May 2022, 06:03 PM ISTJAMES MACKINTOSH, The Wall Street Journal
The risk is a series of bear-market rallies that don’t last, hurting dip buyers and further damaging investor confidence
With the S&P 500 briefly on Friday down 20% from its January peak, it is very tempting to start trying to call the end of the selloff. The problem is that only one of the conditions for a rally is in place, that everyone’s scared. That worked beautifully for timing the start of the 2020 rebound, but this time around may not be enough.