CHARTPOINT
2021 an abusive year for stock market bears
Add BT as a preferred sourceSAY what you like about the stock market, but with the end of the year in sight, 2021 may be remembered as a downright abusive year for stock market bears.
The correction has been cancelled
Again bucking overvaluation concerns, the S&P500 has decisively broken back above the year-long bull market support band, after a mild sell-off in September saw it break below 4,300. Accordingly, the benchmark index has hit yet another all-time high, producing over 50 record closes this year - the most in several decades - and taking its year-to-date (YTD) returns to over +20 per cent.
