What To Know As We Dip Into 'Bear' Territory

Earlier this month, the S&P 500 officially entered bear market territory. A bear market is an extended period of prolonged price declines in the stock market. It is typically defined as a decline of at least 20% from recent highs for stock market indexes such as the S&P 500, the Dow Jones Industrial Average or the Nasdaq composite. The S&P 500 hit an all-time high of 4,818 early this year, but concerns over persistently high inflation, aggressive Federal Reserve interest rate hikes and the prospect of a U.S. economic recession had the S&P 500 trading back down around 3,911 in late June. Read Full Article »