Don’t be fooled by the stock rally. It’s still a bear market.


This commentary was recently published by money managers, research firms and market newsletter writers and has been edited by Barron’s.

Berenmarkt rallies

Technical strategy

Nov 11: Thursday was another day for the record books. The

S&P 500

had its first daily gain of more than 5% since 2020, and its biggest outperformance against the

Dow Jones Industrial Average

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since 2001. Long/short momentum fell nearly 10%, the second worst daily decline since 2001, after November 2020 vaccine day.