S&P 500 Slides Into Bear Market Territory, Now What?

The index is down 10% since last Thursday.

Our View — No Rest For The Weary

The ES is now down 22% from its January high. Bitcoin traded under $21,000, an 18-month low, Coinbase dropped 11% on Monday and is now 85% below its opening IPO price, and the yield on the 10-year note is 3.336%, the highest close since 2011. I think there is reason to be concerned.

Where is the bottom? I have a few levels…