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“It was the best of times, it was the worst of times.” With those classic words, author Charles Dickens famously opened his historical novel “A Tale of Two Cities.”
He could easily have been describing the stock market.
A new Wells Fargo analysis looked at the best 20 days for the S&P 500 between August 1992 and July 2022. Almost half of them, the investment bank found, occurred during a bear market.
In the Great Recession, on Oct. 28, 2008, the index shot up nearly 11%. On March 24, 2020, amid the coronavirus pandemic downturn, the S&P 500 rose 9%. (For perspective, the average daily return for the index over the last two decades is around 0.04%, according to…