Last week, the S&P 500 fell 8.8 percent. That left it in negative territory for 2018.
CNBC reported on Friday that more than 43 percent of the S&P 500 stocks were in a bear market, having fallen at least 20 percent from 52-week highs.
The report cited Chantico Global CEO Gina Sanchez as saying that a flight to value stocks could be the best way to weather any more turbulence.
“Value has re-established itself finally as a leader in the market, and it's been a very long time since we've seen that, and I actually think that this run has some legs,” said Sanchez.
Not everyone agrees.
John Tobey wrote in Forbes: “This is a bear market.”
He said that “there are now doubts and uncertainties that are causing analysts and investors to rethink fundamental outlooks” and that “value investors and bargain hunters will not step in and buy just because a stock has fallen”.
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