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S&P 500 Falls Into Bear Market Territory From January High

Wibbitz Top Stories
Wibbitz Top Stories
S&P 500 Falls Into
Bear Market Territory , From January High.
The term "bear market" refers to a value loss of
20 percent or more from the most recent high.
On May 20, after the index fell below 3,837,
the S&P 500 was trending to close at just over
20 percent down from the bull market high on Jan. 3.
The reality is the market is likely to remain under pressure until peak inflation has been priced in, Fiona Cincotta, Forex.com,
via 'The New York Times'.
We aren’t there yet, Fiona Cincotta, Forex.com,
via 'The New York Times'.
Analysts pointed to traders' fears in regard
to the general outlook for what's ahead.
For the majority of the bull market since the March 2020 low, investors have had reasons to buy the dips, Kevin Gordon, Charles Schwab, via CNN.
Given this slowdown is looking more 'natural' and protracted, there is a heightened degree of fear and not knowing where
to hide, Kevin Gordon, Charles Schwab, via CNN.
Other analysts pointed out that recession fears, while understandable, may be premature.
In the last three bear markets, where there was no recession,
the decline was 21.3% and we’re basically there, Julian Emanuel, Evercore ISI, via CNBC.
During the past three bear markets when there was a recession, on average the market had fallen more than 45 percent.
Despite this, analysts
were hard-pressed
to see a silver lining to
the day's developments.
Any positivity is being sold in a very heavy and high-volume fashion, and that's
very concerning, Keith Buchanan, Globalt Investments, via Reuters.
It feels like it's fear driven, Keith Buchanan, Globalt Investments, via Reuters

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