Bear market strategy for millennial investors

Bear market strategy for millennial investors

If there was a prize for experiencing unprecedented events, millennials could take first place. Older millennials entered the workforce during the Great Recession and have since experienced a devastating pandemic and a spike in inflation not seen in 40 years. On top of that, the actions taken by the Federal Reserve to control inflation sent the stock market into a tailspin.

The S&P 500 index officially fell into bearish territory on June 13, when it fell 21.3% from its peak in early January. (A bear market occurs when a broad stock index falls 20% or more from its peak.) After a summer rally, stocks fell again in September, and as of October 7, the S&P 500 was down 23.2% from its peak.

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