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A Stage Four Bear Market Trend Is Now In Place (War Impact Is Going To Hurt Many Financially)

Author

Michael Swanson
March 23, 2026

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On Friday, the S&P 500 closed below its 200-day moving average. It is now either in a severe correction or a bear market, and there has been not enough real panic in the markets to signify a bottom yet.

Things are going to go lower, and that’s why I talked about reducing risk in the past two weeks.

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