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