Are we already in a bear market? … “It’s not so much a stock market as it is a market of stocks” … one sector flying high … another sector looking poised for recovery
Will a bear market strike soon?
It already has, according to our macro expert, Eric Fry.
From Eric’s latest issue of Investment Report:
Although the S&P 500 Index has not suffered a setback greater than 10% since the COVID-triggered washout of March 2020, many individual stocks and sectors have – including several of the sub-sectors that comprise the S&P 500 itself.
To qualify as a bear market, an index or sector must fall at least 20% from a price peak. Based on that simple definition, no fewer than two-thirds of the 3,650 stocks inside the…