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Over the past year, rampant inflation has called into question the strength of the economy, and that has triggered a sharp decline in the stock market. In fact, the broad-based S&P 500 had its worst first half since 1970, and the index crossed into bear market territory in the second quarter.
The S&P 500 has since rebounded slightly — it sat 17% off its high on Sept. 12 — but the bear market is not technically over until the index surpasses its previous high. For context, the S&P 500 last peaked at 4,797 on Jan. 3, 2022. That was 253 days ago at the time this article was written.
Many investors are probably wondering how much longer the downturn will last. Here’s what you should know.