If you blinked, you may have missed it. But believe it or not, stocks have been recovering since June. This fact has been lost amidst the market mayhem of 2022, and understandably so. People are still seeing red in their investment portfolios, but things have improved.
We still have a long way to go, and there will surely be stumbles along the way, but stocks have seen a huge rebound since June. Let’s take a look at the chart below:
Since stocks bottomed on June 16th, they’ve been on a tear upwards:
- Dow Jones +11.30%
- S&P 500 +15.03%
- Nasdaq +20.75%
- Russell 2000 +19.08% (the graph didn’t update through today)
Stock market rebounds like this can happen swiftly and when you least expect it. We’re certainly not out of the woods yet, but it’s nice to get a little relief from an otherwise rough year.