The ‘Stealth’ Bear Market Is Getting Worse: 60% of S&P 500 Stocks Are Now Down 20%+

There's a major discrepancy between the S&P 500 and the value of most companies in it.
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Bear market
A period in which market prices fall substantially, commonly defined as a drop of 20 percent or more from a recent high.
Bear markets often signal economic worries and reduce the value of investments.
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