Fortune: History Tells Us the S&P 500 is Only Two-thirds of the Way Through the Current Bear Market, Analysts Warn
Article by Tristan Bove in Fortune
When it comes to charting the future of the stock market, history might be the best teacher.
The S&P 500—the stock index tracking the country’s largest companies—has had a rough year. In June, after months of losses, it officially entered a bear market, having fallen more than 20% from a high in January.
It’s now been 10 months since that last high point, and the market has been in a near-continuous downturn since then. A series of high inflation readings has sent the S&P 500 spiraling on a near monthly basis, and the market has already registered its worst first half of the year since the 1970s.
Since then the bear market has shown vanishingly few signs of becoming a bull, and it may have even ........
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