Could we be in a stealth bear market? Almost every measure other than the S&P 500 suggests one started last year, says Jmackin2
Could we be in a stealth bear market? On the face of it, the question is bizarre: a bear market is usually defined as a 20% fall from a peak, but the S&P 500 is just over 1% off its all-time high. If you hold the index, you’d laugh at the idea that this is anything other than a bull market, albeit a rather slow one.
Yet almost every other measure suggests a bear market started last year. Dig into the S&P and it is sending a deeply downbeat message, too.
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