Bear market
A decline of 20% or more from a recent high.
A decline of 20% or more from a recent high.
In practice
A decline of 20% or more from a recent high. Understanding it helps you read the rest of our coverage with confidence.
Frequently asked
Why does Bear market matter?
Because it changes how you should read the numbers.
Is Bear market the same everywhere?
Definitions vary slightly by region and source.