Market overview
Under the weight of high inflation and rising interest rates, the US economy is beginning to show indications of strain, boosting the likelihood of a crisis. The market sell-off, especially the stock market, has accelerated in the past few weeks. Technically we have already entered a bear market with S&P trading below 20% from its all time high . A brief comparison of the current market trend with the previous mega bear market trends of 2000-2001 and 2007-2008 will throw light on the ongoing situation. Although the US economy is now doing well, there is a chance of a recession developing.