There’s a big difference between recessionary and non-recessionary bear markets
Ben Carlson
Tech stocks have borne the brunt of the selling, losing some $3trn
Europe’s Stoxx 600 was ultimately flat in the week following Russia’s invasion of Ukraine
Analysts say recession odds are low, and bear market outside of a recession is rare
Investors were lulled into complacency by 2021 but double-digit falls are normal
Analyst says last year bore most resemblance to 1995, another year of extraordinary gains
There have been as many yearly returns above 40% as returns in the 8%-12% range
Market volatility non-existent amid recurring new highs
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