Who Saved the U.S. Stock Market Last Spring?
Who Saved the U.S. Stock Market Last Spring?
A report by John Rekenthaler, Morningstar.
Dry Powder
It wasn’t that long ago, yet it was also 10,000 Dow Jones points away. In late March, U.S. equities were reeling, having shed one third of their value over the previous five weeks. Then spring arrived--and boy, did it arrive. By August, the S&P 500 had fully recovered its losses. The broader market eventually followed suit, such that even Vanguard Small Cap Value Index (VISVX) is now in the black.
