The S&P 500 <.SPX>, for instance, has fallen as low as 23.6% from its January record high this year, in line with the 24% median decline the index has registered in past recessions, indicating that "at least some of the challenging environment is reflected in stock prices," Keith Lerner, co-chief investment officer at Truist Advisory Services, said in a report.
Negative
Negative
S&P 500
Neutral
Neutral
Truist Advisory Services