The MSCI AC World Index hasn’t experienced a 5% drawdown since November, the longest streak of calm since 2017, according to data compiled by Bloomberg.
Still, previous stretches of a similar magnitude without a minor pullback — at least in a study of U.S. stocks — have led to poor returns over the next month, wrote Sundial Capital Research founder Jason Goepfert in a note to clients.
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First Published: Thu, May 20 2021. 23:55 IST
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