one of the traits of a bear markets are short, sharp up days/weeks. What I find highly odd and not encouraging for the Bulls is the low VIX despite S&P having a 20% drop in 2021.
It is rare to have two consecutive years of stock market declines BUT when it happens the 2nd year is worse than the first year.
2021 / 2022 were years of massive inflows of money. This dumb money coming in at the top. 2021 inflows was more than the whole previous (at least ) decade of inflows. That is an incredible stat.