Peaked at #3 Now #3
60% of S&P 500 stocks in bear market
Kobeissi Letter says nearly 60% of S&P 500 components are in a bear market for the first time ever while the index sits 3% off a record high.
Key points
- @KobeissiLetter says nearly 60% of the S&P 500's components are in a bear market, while the index trades 3% away from a record high.
- @KobeissiLetter calls the situation a "stealth" bear market and says it views this as a historic opportunity.
- @TKL_Adam joins @cvpayne on Fox Business to discuss the view.
Key points and the reaction summary are written by AI from the posts on this page. Check the original post. How we use AI
Original post
We are in a “stealth” bear market.
For the first time in history, nearly 60% of the S&P 500’s components are in a bear market, while the index trades 3% away from a record high.
We think this is a historic opportunity.
@TKL_Adam joins @cvpayne on Fox Business to discuss our view.Quoting @KobeissiLetter: https://t.co/WahTIU665I
Top replies on X
Reaction on X: Replies largely agree with the thesis, with one noting it is positioned for it; others joke that the index is masking how bad the rest of the market is and that the S&P chart looks fine while the stocks inside it do not.
Sign in to see 3 top replies from X
From @Grey_Zone08, @SumPoorSlob, @ISABELNET_SA and others. Spam removed, with English and Chinese translations.
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