With the S&P 500 Back Into Bear Market Territory, Are We Finally Near the Bottom?
September has not been a good month for stocks, with the market returning to its volatile ways and continuing to give up gains from July and August.
August inflation data and the Federal Reserve's comments from its recent September meeting seem to have everyone on edge about what kind of recession the U.S. economy might enter after all of the Fed's interest rate hikes.
The S&P 500, a broader benchmark for the market, had fallen to around 3,650 as of this writing. It's firmly back into bear market territory, now down close to 23% this year. Given this recent drop, is the market nearing a bottom?
Source Fool.com