The Business Times
business-time-50
Global Enterprise logo
BROUGHT TO YOU BYUOB logo
SUBSCRIBERS

The birth of the 2023 bull market

google-preferred-sourceAdd BT as a preferred source
    • The latest bull market arising from the ashes has some elements of the short and violent pandemic bull market, which began in March 2020.
    • The latest bull market arising from the ashes has some elements of the short and violent pandemic bull market, which began in March 2020. PHOTO: REUTERS

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Rob Curran

    Published Wed, Jun 14, 2023 · 05:50 AM

    THE bear market that savaged the global economy, credit markets and the banking system is finally dead. From this chaos, a sprightly new stock market is arising. Welcome to the 2023 bull market.

    It was the longest-lived bear since the 1940s, and one of the longest in history. The S&P 500 peaked almost 18 months ago, on Dec 31, 2021, shortly after US Federal Reserve chairman Jerome Powell warned he was going to war against inflation. 

    The Fed’s aggressive policy soon formed one of several lacerating bear claws swooping down on the US stock market. In February 2022, Russia invaded Ukraine in what would quickly become the bloodiest conflict in Europe since World War II.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    US stocksUS Federal ReserveUS economy

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Andrew Lee, chairman of OCBC (right), and group chief executive Tan Teck Long speaking at Thursday's (Apr 16) AGM.

    Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman

    (From left) Tran Thanh Man has been re-elected as chairman of the National Assembly; To Lam has been elected state president; Le Minh Hung has been appointed prime minister; Tran Cam Tu is the standing member of the Party’s Secretariat.

    Vietnam formalises new state leadership, redefining ‘four pillars’ power balance

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More