Stocks Just Hit Bear Market Territory, but Here’s Why You Don’t Need to Worry

On May 20, the S&P 500 index fell into bear market territory. A bear market is defined as a period when stock values fall 20% or more from a recent high.

This is the first time in over two years that stocks have fallen so sharply. The last decline of this nature happened in March 2020, on the heels of the COVID-19 outbreak.

Of course, a bear market can be an unsettling thing, even if you’re a seasoned investor. But here’s why you don’t need to start panicking.

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