The S&P 500 Is Down 24%: These 3 Indicators Suggest It Has Further to Fall

There's no beating around the bush: This has been one of the roughest starts to a year in stock market history. Since each of the three respective major U.S. indexes hit their all-time closing highs, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-driven Nasdaq Composite (NASDAQINDEX: ^IXIC) have plunged by as much as 19%, 24%, and 34%, respectively, through June 20, 2022. With peak-to-trough declines well in excess of 20%, the Nasdaq and S&P 500 are firmly entrenched in a bear market.