Bloomberg News: Bear Market in US Stocks Still in Its Infancy Versus History
Article by Jan-Patrick Barnert in Bloomberg News
The S&P 500 Index has fallen 25% in a little more than nine months since its January peak, a shallower and shorter drop than is typical of similar instances over the last century.
On average in that time, the benchmark has slid about 38% over a period of 15 to 16 months before reaching a bottom, according to data compiled by Bloomberg.
With inflation and interest rates still rising, recession looming in many economies, and stress on supply chains and corporate margins, there are plenty of negatives for investors right now.
Still, Morgan Stanley strategist Michael J. Wilson, a long-time equities bear, said Monday that ......
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