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Starting a new week with US markets unplugged today offers a moment to review the bear market progress to date.
Theoretically, 60% equity and 40% bond benchmark accounts are -20% year to date (assuming 100% reinvestment of all income with no fees or withdrawals).
Remember, the average S&P 500 decline accompanying a recession has been 42% over 16 months, and the TSX has roughly tracked along for the ride.