New year, new bull market… hopefully.
The S&P 500 — an index of stocks often used as the benchmark to measure how U.S. stocks are doing overall — kicked off 2022 near an all-time high before tumbling and ending the year down 19.4%. You likely heard the term “bear market” recently, as the S&P 500 officially fell into one in June.
Now, it’s 2023, and the stock market is still struggling. But what exactly needs to happen for the bear market to end?
“It’s not quite as clear cut as we would prefer,” says Ryan Detrick, chief market strategist, at Carson Group. “No one rings a bell at the low, no one rings a bell at the high.”
But here’s what investors should know.
What needs to happen for a bear market to end?
A bear market is generally considered to have happened when a stock or broad index (like the S&P 500) falls at least 20% from its most…