Bear Markets and Subsequent Bull Runs

Source: JPM Quarterly Chart Book


Each quarter, I eagerly look forward to the arrival of JPMorgan’s interactive Guide to the Markets – 70-plus pages of charting pleasure. It’s packed with sexy graphics, loads of data and slick stock, bond, commodity and economic charts.

One of my favorites chart is below. It shows the total declines in the Standard & Poor’s 500 Index from highs, as well as the ranking and duration of each bear market. The table offers four possible causes for each episode: recession, commodity spike, tightening by the Federal Reserve and extreme valuations. The table also shows the start date of the subsequent bull market, with its returns (excluding dividends) and duration.

Continues here: Some Bear-Market Insight in One Chart

Category: Cycles

S&P 500 Bear Markets of 20% or More

Source: BofA, Merrill Lynch

Category: Data Analysis, Digital Media, Markets

10 Thursday AM Reads

Now baseball starts to get interesting; Our morning train reads always are: • The share buyback mirage (The Economist) • Abenomics Is Doing Better Than You Think (WSJ) • The Five Dimensions of Quality: Ask Cliff Asness, Ken French, or Benjamin Graham to define ‘quality’, and you would hear three different answers (CIO) • Twitter’s Moment (Stratechery) • End of the…Read More

Category: Financial Press

TV Transformed

Click for the full NYT spotlight. Source: NYT

Category: Digital Media, Television

Is Economics Research Replicable? “Usually Not”

Category: Think Tank

Why We Sleep

Why do we sleep? We spend a third of our lives in slumber, but science has yet to determine exactly why we have do it. Here’s a look at how sleep works, why we’re not getting enough sleep, what happens if you DON’T sleep, and an idea about where sleep came from in the first place.



Hat tip brainpickings


Category: Science, Video

Migrant Maps

Source: WSJ

Category: Current Affairs, Economy, Politics, Travel

  Dodd-Frank has burdened small banks — and the businesses that rely on them — much more than large businesses that have access to capital markets. Is this why we’re experiencing the slowest recovery in two generations? So asks Peter Wallison, a scholar at the American Enterprise Institute, a conservative think tank that advocates for free markets…Read More

Category: Analysts, Bailouts, Credit, Really, really bad calls, Regulation

Emerging Markets of the Future

Source: Visual Capitalist

Category: Economy

10 Wednesday AM Reads

The S&P enters its 5th of 6th day winning streak; (Jinx!) Keep it going with our rally-based morning train reads: • Inside the Market of Stocks (Irrelevant Investor) • Bernanke Pins Weak Recovery on Congress (NYT) see also Bernanke: GOP Congressman are why I’m no longer a Republican (Quartz) • In Praise of the Dead (Investors): Fidelity’s “study” rings true, whether…Read More

Category: Financial Press