Stock Market Teeters on Edge of Bear Market as Inflation and Rates Weigh on Stocks
- There’s a 40% chance the recent correction turns into a bear market
- The S&P 500 entered correction territory by closing 10% below its July high
- The S&P would need to fall another 10% to be considered a bear market
- Bear markets see stock prices fall 20% or more from a recent high
- The recent correction was triggered by high inflation and interest rate hikes