Taking stock of the remarkable recovery in US indices

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The S&P 500 index briefly topped its record closing price overnight, before ending the session just less than 6 points or a mere 0.18 percent from that 3386.15 historical mark that was posted on February 20. This comeback from its March 23 trough, when US stocks experienced its sharpest-ever descent into a bear market, has been nothing short of remarkable!

In the past, for the S&P 500 to erase a drop of at least 20 percent, such a feat would take four years.

This time round, it took less than six months.

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