January 15, 2016 - Based on this, the Stock Market is Officially in a Bear Market

Posted by Patrick Ceresna on Jan 15, 2016 6:53:00 PM

The Nasdaq 100 and S&P 500 are misleading in regards to the underlying conditions in the broader stock market. The reason is based on the fact that both indexes are market cap weighted.  This has allowed a few behemoth names to hold up the price of the index while the majority of the market deteriorated. The chart below shows that the equal-weighted US stock index is in fact down 23% from the highs, which makes it an official bear market.


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