The latest bear market in stocks has had a couple of very impressive bear market rallies. The S&P 500 jumped 17.4% from June 16 through August 16 from 3666 to 4305. It is up 11.8% from October 12 through Friday's close from 3577 to 3956.

It's interesting to compare the fall's great performance so far with the summer's:  Materials (18.4%, 9.2%), Financials (18.3,  16.4), Industrials (17.2, 17.5), Energy (16.2, -0.8), Information Technology (14.0, 22.8), Real Estate (3.9, 18.0), S&P 500 (11.6,  17.4), Utilities (10.5,  18.9), Health Care (9.1, 12.0), Consumer Staples (8.7, 12.1), Communication Services (3.4, 12.9), and Consumer Discretionary (3.1, 29.4).

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