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Why the Bear Market Isn’t Over


Stocks Surged on an Inflation Reading. But the Bear Market Isn’t Over. | Barron’s

Investors finally got the inflation reading they were looking for, and are likely to get a split government for the next two years. That combination propelled stocks to their best weekly showing since June. On Friday, the

S&P 500

even briefly crossed the 4,000 threshold, a level it hadn’t breached in two months.

The S&P ended the week 5.9% higher, closing just below 4,000. The

Dow Jones Industrial Average

rose 4.1%, and the

Nasdaq Composite

jumped 8.1%. It was the best weekly showing for the Nasdaq since March, and it came during a week when tech news seemed largely negative. Facebook parent

Meta Platforms

(ticker: META) announced that it will cut 11,000 jobs, the latest in a wave of Silicon Valley layoffs. The best thing Facebook can say for itself now is that it isn’t Twitter.

Nasdaq Has Best Week Since March As Market Rally Gains Steam, But Don’t Do This

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