By John Persinos
Welcome to my latest video presentation for Mind Over Markets. The article below is a condensed transcript; the video contains additional details and several charts.

To quote the title of a classic children's book, the stock market in 2022 had a terrible, horrible, no good, very bad year. The S&P 500 last year declined 19.4%, its worst performance since the crisis year of 2008.
But so far in January 2023, the stock market has sharply rebounded. We witnessed bear market rallies in 2022 that fueled our hopes but then fizzled. Are we witnessing yet another head fake? History suggests we aren't.
The stock market rarely posts years of back-to-back declines. On average, the S&P 500 gained 15% in years following a negative year. Of course, past performance is no guarantee of future performance, as the saying goes. But the indicators are auspicious.
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