The S&P 500 Is Down 24%: These 3 Indicators Suggest It Has Further to Fall
There's no beating around the bush: This has been one of the roughest starts to a year in stock market history. Since each of the three respective major U.S. indexes hit their all-time closing highs, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) have plunged by as much as 19%, 24%, and 34%, respectively, through June 20, 2022.
With peak-to-trough declines well in excess of 20%, the Nasdaq and S&P 500 are firmly entrenched in a bear market. That's particularly bad news because the Nasdaq had been leading the broader market higher and the S&P 500 is widely viewed as the best barometer of U.S. stock market health.
Unfortunately, the broader market's steep sell-off may not be over. Even with the S&P 500 down by 24%, three indicators suggest it has further to fall.
Source Fool.com
