Bank of America Investing Report Summary/Mkt Update (Patreon)

And according to Bank of America, investors have only got a few bear-market months left to endure after the U.S. benchmark S&P 500 SPX, +2.45% tumbled into bear territory at the start of this week. And then will come a bull market.

Per history, B. of A. Global Investment Strategy’s chief investment strategist, Michael Hartnett, points out, the average peak-to-trough bear-market decline is 37.3% over a span of 289 days. Matching that pattern would put the end of the pain on Oct. 19, 2022, which happens to mark the 35th anniversary of Black Monday, as the stock-market crash of 1987 is widely known, with, again according to statistical averages, the S&P 500 likely bottoming at 3,000.