BM Pro Daily - Equities Bear Market Unfolding

Bear Market Rallies 

In today’s issue, we will revisit the ever-changing dynamics in legacy markets, with a focus on the history of U.S. equity bear markets. 

At the time of writing, the S&P 500 equity index is 8.5% off the lows while still being 13.2% below its all-time high peak. While nothing is for certain, our base case is that the equity market is i…