When the Bear Comes
One definition of a bear market says markets are in bear territory when stocks, on average, fall at least 20% off their high.
But 20% is an arbitrary number—just as a 10% decline is an arbitrary benchmark for a correction.
Several leading stock market indexes around the globe endured bear market declines in 2018.
https://www.investopedia.com/a-history-of-bear-markets-4582652#toc-when-the-bear-comes
US stocks suffer worst week in a decade
Earlier this week, the US Federal Reserve lifted the interest rate and signalled that it would continue to rise next year, albeit at a slower pace.
BBC 21 December 2018
https://englundmacro.blogspot.com/2018/12/us-stocks-suffer-worst-week-in-decade.html
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