MSCI World Recoveries out of Bear Markets since 1970

MSCI World Recoveries out of Bear Markets since 1970 After the shortest, and one of the sharpest bear markets in history, the MSCI World recovery is comparable to post-Global Financial Crisis. Image: Goldman Sachs Global Investment Research

MSCI World Around Bear Markets

MSCI World Around Bear Markets After the shortest, and one of the sharpest bear markets in history, the MSCI World recovery is comparable to post-GFC. Image: Goldman Sachs Global Investment Research

MSCI World Value vs. Growth Around Bear Markets

MSCI World Value vs. Growth Around Bear Markets The underperformance of value vs. growth during the bear market and the recovery has been unprecedented. Image: Goldman Sachs Global Investment Research

U.S. 10-Year Bond Yields Around Bear Markets

U.S. 10-Year Bond Yields Around Bear Markets Low and anchored bond yields during the recovery help to explain the strong rise in equity valuations. Image: Goldman Sachs Global Investment Research