Is Bear Market Over? Probably Not, Here Is Why.

Many people believe that the bear market is over. They say that the market has bottomed out and that we’re starting to see a turnaround.

Despite stocks rising at the end of the second quarter, which can be seen as a precursor to a market turnaround, the bear market likely isn’t over.

Keith Lerner, Co-Chief Investment Officer at Truist, said on Yahoo Finance Live that “I don’t know that it’s over yet”.

The last five trading sessions have seen gains; the Dow Jones Industrial Average has gained 3% and the S&P 500 is up more than 3%. The Nasdaq Composite has also rallied over 3% in the past five trading days.

In a note on Monday, Morgan Stanley bearish strategist Mike Wilson opined; that he expects stocks to bounce five to seven percent in the short term.