Over 60% of the S&P 500's components are now in bear market territory, down 20% or more from their all-time high. Four of Magnificent's 7 stocks are now in bear market territory, with those seven names erasing $4 trillion in cumulative market value since their peaks. We are in a "stealth" bear market. KobeissiLetter.

Over 60% of the S&P 500's components are now in bear market territory, down 20% or more from their all-time high. Four of Magnificent's 7 stocks are now in bear market territory, with those seven names erasing $4 trillion in cumulative market value since their peaks. We are in a "stealth" bear market. KobeissiLetter.