We're officially in a bear market. How long until we're out of the woods?
It’s been a tough year for the markets so far. The U.S. stock market had a nearly 4% drop this week — the biggest of the year — that ended in a bear market, which applies whenever there's a 20% or more drop from a recent high.
With the Federal Reserve’s highest rate hike in 28 years this week in response to record high inflation, ongoing tensions throughout Europe, and a historically tight housing market already in the first half of 2022, investors are reasonably concerned about how much worse it could get in the coming months.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments