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So Close to Magnificent Bear... Yet So Far

Source: zerohedge.com

Markets nearly triggered a magnificent bear market but pulled back at the last moment due to strong economic data.
S&P 500 dropped 18% from highs, stopping just short of the 20% decline needed for official bear status.
Relief rally followed as inflation cooled and Fed rate cut hopes revived, easing recession fears.

The article recaps how US stocks came razor-close to a full-blown bear market but dodged it thanks to resilient jobs numbers and fading inflation pressures. Key players include the Federal Reserve, Wall Street traders, and big tech names driving the rebound. It argues the economy's toughness has bought time, but warns of lingering risks from high valuations and policy shifts. Readers care because it signals whether the bull run can resume or if more pain lies ahead for portfolios.