Bull and Bear Markets

in Canada since 1955

All bull and bear markets must come to an end. These markets are determined by looking at the change between the highest close and the lowest close in the stock market cycle. While there is no firm definition, a bear market typically occurs when the market declines by 20% or more. A bull market occurs when the market has increased close to 50% or more. The S&P/TSX Composite Price Index was used below to demonstrate bull and bear markets over the past 54 years. Each cycle on the graph notes both the duration and cumulative return.

bullcanada-chart

 

Bull and Bear Markets

in the U.S. since 1950

All bull and bear markets must come to an end. These markets are determined by looking at the change between the highest close and the lowest close in the stock market cycle. While there is no firm definition, a bear market typically occurs when the market declines by 20% or more. A bull market occurs when the market has increased close to 50% or more. The S&P 500 Composite Price Index was used below to demonstrate bull and bear markets over the past 59 years. Each cycle on the graph notes both the duration and cumulative return.

bullUS-chart

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Source: IA Clarington Investments Inc. and Bloomberg based on monthly data points. *Note that the first bull market on the graph began in 1950. Commissions, trailing commissions, management
fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past
performance may not be repeated. The IA Clarington Funds and the IA Clarington Target Click Funds are managed by IA Clarington Investments Inc. IA Clarington and the IA Clarington logo are
trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license.