Wall Street’s Bear Market Is No Longer So Stealthy

Wall Street’s internal damage is getting harder to ignore. Just days after data showed that more than 60% of S&P 500 stocks were already in bear-market territory, another wave of selling has hit major tech names, with Intel extending a historic collapse and Apple now joining the ride south. Wall Street Situation Worsens CryptoPotato reported over the weekend that the percentage of S&P 500 companies down by over 20% from their respective highs has risen past 60%, even as the headline index remained relatively close to record territory. At that point, AppLovin, Coinbase, CoreWeave, Intel, Oracle, Alphabet, Meta, and Amazon were already among the large-cap entities deep in what the analysts at the Kobeissi Letter consider bear-market territory.

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