{"id":21457,"date":"2025-04-10T09:17:10","date_gmt":"2025-04-10T09:17:10","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21457"},"modified":"2025-04-10T09:17:10","modified_gmt":"2025-04-10T09:17:10","slug":"new-rull-run-or-bear-market-rally-only-time-will-tell","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21457","title":{"rendered":"New Rull Run or Bear-Market Rally? Only Time Will Tell"},"content":{"rendered":"<div>\n<p>Don&#8217;t be fooled by Wednesday&#8217;s market turnaround, which saw the S&amp;P 500 equities benchmark climbing by the most since 2008 and significant gains in bitcoin (<a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\/\" target=\"_blank\">BTC<\/a>) and the broader crypto market, as represented by the CoinDesk 20 (<a href=\"https:\/\/www.coindesk.com\/indices\/cd20\" target=\"_blank\">CD20<\/a>) index.<\/p>\n<p>The rally, sparked by President Donald Trump&#8217;s announcement of a 90-day pause on tariffs, fueled social-media optimism of an imminent prolonged bull run in both stocks and crypto. That may be overoptimistic, according to analysts at Goldman Sachs and elsewhere, who note that multiweek, double-digit equity price rallies are quite common even during larger bear markets.<\/p>\n<p>\u201cIn most bear markets, given light positioning, marginal changes in these variables can have amplified effects on markets. As a result, bear market rallies are quite common,\u201d Goldman\u2019s strategy team led by Peter Oppenheimer said in a Tuesday note titled \u201cBear Market Anatomy \u2013 the path and shape of the bear market.<\/p>\n<p>There have been 19 global bear market rallies since the 1980s and on an average, \u201cthey have lasted 44 days and the MSCI AC World return is 10% to 15%,\u201d the note said.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/00f895c0ca3753ca6ff69bdc4a37b7def3893754-1600x819.jpg?auto=format\" alt=\"\"><\/p>\n<p>\u201cOne of the worst bear markets of history saw about half a dozen major double-digit rallies before all was said and done,\u201d Callum Thomas, founder and head of research at Topdown Charts, said on X referring to the 1930s. \u201cIs the 90-day bounce a BMR?\u201d<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/9a8aba17c02261393819d92212b641cb52a72182-940x525.jpg?auto=format\" alt=\"\"><\/p>\n<p>Whether the recent bounce signifies the onset of a new bull run or merely a bear market rally won&#8217;t become clear until later. However, certain characteristics of a sustained bottom mentioned by Goldman such as attractive valuations, extreme negative positioning, policy intervention and a slowdown in macroeconomic deterioration, are not yet evident.<\/p>\n<p>The Federal Reserve is <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/09\/powell-likely-to-wait-until-trump-blinks-dr-doom-roubini-says\" target=\"_blank\">unlikely to offer support<\/a> any time soon, while Trump has only halted tariffs for 90 days, meaning trade tensions could escalate again. Plus, tariffs on China continue to rise and if that\u2019s not enough, <a href=\"https:\/\/coindesk-editorial.slack.com\/archives\/D07F7A5BBQR\/p1744274580694709\" target=\"_blank\">stocks are not cheap yet<\/a>.<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Don&#8217;t be fooled by Wednesday&#8217;s market turnaround, which saw the S&amp;P 500 equities benchmark climbing by the most since 2008 and significant gains in bitcoin (BTC) and the broader crypto market, as represented by the CoinDesk 20 (CD20) index. The rally, sparked by President Donald Trump&#8217;s announcement of a 90-day pause on tariffs, fueled social-media [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21457","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21457"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21457\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}