The stock market has been through some unprecedented headwinds over the past year. At the top of growth-stock investors' list of complaints was the Federal Reserve's hawkish monetary policy.

Uncertainty about the effects of rapid interest rate hikes pushed the major stock market indexes into a long bear market. The growth stock-heavy Nasdaq Composite index is down more than 27% from the peak it reached way back in 2021.

Bear markets begin for different reasons, but they all have two common features: They're temporary, and throughout history, they've all been wiped away by subsequent market recoveries. 

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Source Fool.com