Stocks and bonds ‘disaster discounted’ after investors’ worst streak in 20 years

Things can always go wrong. S&P 500 SPX Index, -1.51% Friday consolidated the worst monthly percentage drop since the pandemic shutdowns in March 2020, but also joined the Dow Jones Industrial Average DJIA, -1.71% and Nasdaq Composite Index COMP, -1.51% The first extended period in the nine-month period held the worst since 2002, according to … Read more

The S&P 500 saw its third drop of more than 10%. Here’s what history shows about previous bear markets hitting new lows from there, according to Bespoke.

Stocks fell sharply after the Federal Reserve announced on Wednesday that it had raised its benchmark rate by three-quarters of a percentage point while battling inflation, with the S&P 500 Index continuing its slide that Bespoke Investment Group described as its third decline. “Where this bear market ultimately lies is anyone’s guess, and events outside … Read more