Source: JPM Quarterly Chart Book
Each quarter, I eagerly look forward to the arrival of JPMorgan’s interactive Guide to the Markets — 70-plus pages of charting pleasure. It’s packed with sexy graphics, loads of data and slick stock, bond, commodity and economic charts.
One of my favorites chart is below. It shows the total declines in the Standard & Poor’s 500 Index from highs, as well as the ranking and duration of each bear market. The table offers four possible causes for each episode: recession, commodity spike, tightening by the Federal Reserve and extreme valuations. The table also shows the start date of the subsequent bull market, with its returns (excluding dividends) and duration.
Continues here: Some Bear-Market Insight in One Chart