Smart Investing in a Bear Market
The bear that's been lurking on Wall Street all spring finally stepped out of the shadows on June 13, taking hold of what is now officially a bear market. The S&P 500 dropped nearly 4% in a day, erasing $1.28 trillion in a single trading session.
- SEE MORE The 10 Best Stocks for a Bear Market
Since its record high on Jan. 3, the broad-market benchmark is down 21.8% – eclipsing the 20% bear-market threshold. That closed the books on the COVID-era bull market that took off in March 2020 and delivered a 114.4% price gain.
The market had tiptoed close to bear territory since 1929 recording upswings with gains of 10% or more, according to BofA.
