Selloff puts S&P 500 on bear market’s doorstep. If history is a guide, there’s more pain ahead.

Back-to-back drops left the large-cap benchmark down 18.7% from its Jan. 3 record finish on Thursday, closing at 3,900.97. A fall of 20% from a recent peak is the traditional definition of a bear market. That would require a close below 3,837.25, according to Dow Jones Market Data.Back-to-back drops left the large-cap benchmark down 18.7% from its Jan. 3 record finish on Thursday, closing at 3,900.97. A fall of 20% from a recent peak is the traditional definition of a bear market.

So far, 61% of individual companies in the S&P 500 are in bear-market territory, observed Mike Mullaney, director of global markets research at Boston Partners. The steepest fall, a peak-to-trough decline of nearly 57%, occurred in the 17 months that marked the bear market that accompanied the 2007-2009 financial crisis. The longest was a 48.2% drop that ran for nearly 21 months in 1973-’74. The shortest was the nearly 34% drop that took place over just 23 trading sessions as the onset of the COVID-19 pandemic sparked a global rout that bottomed out on March 23, 2020, and marked the start of the current bull market.

The analysts know is a bear market they are playing now until they can't play no more

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Nasdaq, S&P 500 drop 3% as growth stocks rally wanesThe Nasdaq and the S&P 500 dropped 3% on Wednesday as a rally in growth shares faded amid economic growth concerns, while Target plunged to the bottom of the S&P 500 after the retailer became the latest victim of surging prices.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »

Deutsche Bank cuts baseline market forecast and sees S&P 500 at 3,000 if there's a recessionStocks could be in for much more pain ahead if a recession is imminent, according to Deutsche Bank's Binky Chadha.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Stocks tumble on recession fears, with the S&P 500 nearing a bear marketHigh inflation, rising interest rates and disappointing corporate earnings are souring Wall Street's outlook. This is what you get for keeping Quantitative Easing for way too long. Interest rates should have been boosted *long* ago. If we had kept QE any longer, we would've met the same fate that Japan and Turkey are now facing--a currency crash. 💴🔥 So we just sent $40 billion to Ukraine.. Hmm BIDEN 2024 !
مصدر: CBSLA - 🏆 552. / 51 اقرأ أكثر »