S&P 500 in Confirmed Bear Market Despite Not Being Down 20%

The S&P 500 is not down 20% yet but many industry segments already are down 30%-50%. Look at

Gaming Names
Auto Parts
RV Manufacturers
Many Others
Semiconductor Equipment Manufacturers


The Index has held up much better because so much of it is atrributable to the FAANG and near-FAANG names taht are only now starting to decline