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The S&P 500 Is Now in an Official Bear Market, According to S&P Dow Jones Indices

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Since the modern S&P 500 index began in the late 1920s, the average bear market has translated into a 38% price decline lasting an average of almost 19 months.

It's official, according to the folks who decide which markets are bulls and which are bears, not to mention which stocks go into the Dow Jones Industrial Average and the S&P 500.because the S&P 500 closed more than 21% below its all-time record close reached as recently as last January, S&P Global Dow Jones Indices senior index analyst Howard Silverblatt wrote.

S&P Global says a 20% decline in the S&P 500 on a closing basis from its previous peak is all it takes to define a bear market. Which means that this bear market is already more than five months old, since the S&P 500 all-time high came on January 3.began in the late 1920s, the average bear market has translated into a 38% price decline lasting an average of almost 19 months.

The causes of every bear market are different, of course. This one is defined by the Fed tightening interest rates in reply to galloping inflation that's running at the fastest clip in 40 years, and the first European land war since World War 2.

 

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