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The bear market for U.S. stocks may be nearing its end, according to an analysis of the market’s sector rankings. The sectors that typically perform the best at the end of bear markets have been improving.
The opposite occurred over the three months leading up to the October 2022 low. While some exuberant bulls subsequently declared that low to be the end of the bear market and a beginning of a new bull market, I argued then that sector rankings made this unlikely. The sectors which typically do the best at the end of bear…
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