Shapes of U.S. Stock Market Bull and Bear States
May 17, 2023 - Equity Premium, Sentiment Indicators
What kind of return patterns are typical of beginnings and ends of equity bull and bear markets? In his April 2023 paper entitled “Investor Overreaction: Evidence From Bull and Bear Markets”, Valeriy Zakamulin examines return patterns of U.S. stock market bull and bear states as a way to decide when investors tend to overreact. He… Keep Reading