Bloomberg Intelligence's 'Equity Market Minute' 9/30/2022

Gina Martin Adams discusses the current state of the S&P 500, highlighting that its breadth has reached levels typically associated with market bottoms. September was notably poor, with 93% of S&P 500 constituents declining, marking it as one of the worst months since 1990. Historical comparisons are made to similar periods in early 2020 and late 2018. Another measure shows that the percentage of stocks trading above their 50-day moving average fell below 3%, a level linked to major market lows like those in 2020 and 2011.

What percentage of S&P 500 constituents were down in September, making it one of the worst months since 1990?

• 93%

• 90%

• 85%

• 78%

Which months are comparable to September's performance in terms of market downturns?

• Early 2018 and late 2016

• Early 2021 and late 2019

• Early 2020 and late 2018

• Early 2019 and late 2017

What is the typical outcome when more than 90% of stocks drop in a month?

• It often forms market bottoms.

• It causes a minor correction.

• It results in a stable market.

• It leads to a market peak.

What is the significance of the percentage of S&P 500 constituents trading above their 50-day moving average dropping below 3%?

• It indicates a market peak.

• It suggests a stable market.

• It is usually associated with major market lows.

• It shows a minor market correction.

In which years did similar market lows occur as mentioned in the final section?

• 2015 and 2017

• 2010 and 2012

• 2020 and 2011

• 2018 and 2019