FYI: While it might not feel like it given outright carnage in emerging market and international equity indices, global equities measured in USD have not yet entered a bear market, that is, a 20% decline from their previous high. Below we chart the MSCI World index, priced in USD, since 1972, with bull and bear markets noted. We also note the current period since the most recent all-time high (made on May 21st, 2015). During that period, global equities are down 17.62%, which is awfully close but not quite in bear market territory.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/global-equities-not-yet-in-a-bear-market/
