More than 60% of S&P 500 stocks enter bear-market territory
AI Summary- Kobeissi Letter says more than 60% of S&P 500 companies are in bear-market territory.
- The Magnificent Seven have collectively lost approximately $4 trillion in market capitalization from their highs.
- The Nasdaq 100 was down nearly $5 trillion from Oct. 6, the Kobeissi Letter said.