Have There Been “Too Many” Pullbacks?
Hey, Ross here! This chart highlights the number of 5% or greater pullbacks during past bull markets. The average bull market sees eight such pullbacks, but so far in this one, we’ve only experienced five. And that’s just counting the “deep” ones. The Equal-Weight S&P 500 pullback I mentioned yesterday? It’s barely over 3%. The takeaway? We’re not seeing “too many” pullbacks at all. The data is clear—stay in the game. I explain more in today’s Insight of the Day.