SFY - Why There's Little Point In Asking Whether The Stock Market Will Retest Lows
By Brian Levitt, Global Market Strategist, North America, and Talley Léger, Senior Investment Strategist
In past downturns, how often the market revisited or surpassed bottoms had little impact on future long-term returns.
To retest or not to retest - that is the question. Indeed, if Hamlet were around today, he may be wondering whether the broad US equity market, after posting the second-best 25-day rally on record (trailing only 2009's), will retest the initial market low hit on March 23 of this year.1 For many investment professionals, a retest of the market bottom