P Spx: Market Pessimism and Dow Jones

p spx: The previous frights came in 2011-12 and 2015-16, according to Market Watch. Meanwhile, the stock-market rally off the Christmas Eve lows has been as extraordinary as the whoosh' that created that low, Dwyer said. Investors suffered through the third recession' scare this cycle, and while all three major corrections have been larger than anticipated, absent an inversion of the yield curve that shuts down credit, the market pessimism following a non-recession crash should set the stage for new highs in 2019, wrote Tony Dwyer, analyst at Canaccord Genuity, in a Tuesday note. Stocks fell apart in the fourth quarter of last year, accelerating a decline into December that pushed the S&P 500 SPX, -0.94% and Dow Jones Industrial Average DJIA, -0.87% in to a correction and knocking the tech-heavy Nasdaq Composite COMP, -1.18% into a bear market. Market bears remain unconvinced by the bounce, arguing that a dovish pivot by the Federal Reserve at its meeting last week will likely prove too late to halt a slowdown later this year. The declines left major indexes negative for 2018, but the subsequent rebound saw the S&P 500 and Dow bounce nearly 16% from its December low through Monday, while the Nasdaq is up more than 18% over the same stretch. (news.financializer.com). As reported in the news.