market portfolio analysis

When does the bear market end?

October 2022.
Investor Strategy.

Even after the strong mid-summer rally, markets were left in a slightly negative position to end the quarter. In Canada, the S&P/TSX finished down -1.4% and the S&P 500 finished slightly worse down -4.9% (USD). Market drawdowns in the US were not drastically in favour of growth or value, in fact, value surprisingly finished marginally worse than growth over the quarter by about 2.0%. That is not something you would expect in a rising rate environment but is something you would expect in the final stage of a bear market that sees more indiscriminate selling. With Q3 coming to a close, the question is, when does the bear market end?

Related articles

Investor Strategy

Halfway check-in: Comfortably numb?

July 8, 2025. Investor Strategy. Markets have performed well during the first half of 2025 but this strength certainly masks a lot of volatility and…

2 minute read

Investor Strategy

Opportunistic diversification

June 3, 2025. Investor Strategy. Diversification is alive and well. International equities have been strong this year, as many portfolios did not feel a supportive…

2 minute read

Investor Strategy

Rollercoaster

May 6, 2025. Investor Strategy.

2 minute read