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Bear market rally or new bull? Breaking down the market after another winning week

(CNBC) How are we to characterize this stock-market struggle of the past three months and beyond? By the most simplistic definition, it became a bear market when the S&P 500 dropped more than 20% from its high, which it did on the way to a fast 35% decline over five weeks. And will remain a bear market unless and until the index recovers to the February high. After another winning week, the benchmark is 15% from that record.

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