TERM OF THE MONTH: BEAR MARKET
As stock prices have plummeted, you've probably seen the term 'bear market' pop up. Don't know what it means? We're here to help.
Put simply, bear market is the term used to describe when the equity markets are down 20% or more from their most recent high. In this case, the S&P 500 index closed on Monday the 13th of June 2022 with losses from its January record of more than 21%. Global markets suffered too. "Since World War II, there have been 14 bear markets that have pulled the S&P down an average of 30%, according to CNBC." The market sell off was triggered by higher than expected inflation in the US.
Every month, we share a 'Term of the Month' with our newsletter subscribers along with information on what's happening at The Beam Network, and some great reading recommendations (if we may say so ourselves!).