ISCV - S&P 500 Confirms We're Already In A Recession

• The latest move of the S&P 500 places three major indices fully in the bear’s forest - the Russell 2000, the Nasdaq and now, at last, and firmly, the S&P 500.
• Never before has the Nasdaq (now down more than 30% since the start of the year) had so many stocks that are down by more than 50%.
• More importantly, the arrival of the S&P 500 bear adds one more exclamation point to the fact that we are already in a recession.
• It’s often said that stocks crash ahead of recessions, but that is only true in terms of where the crash begins. They are almost always only recognized deep inside of recessions.

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