Despite Rally, Many Stocks Still in Bear Market

Despite the rally we've seen over the past few weeks there are still a significant number of stocks in bear market territory, defined as down more than 20% off of their 200-day high. As the tables below highlight, the percent of stocks in a bear market has ebbed some from 4 or 5 weeks ago, but is still well above levels from 10 or 11 weeks ago. In all the tables below we are measuring the percent of companies in a bear market with a weekly frequency going back 11 weeks.

Broken out by EM and DM:


Countries where more than 20% of stocks are in bear market:


Sectors where more than 20% of stocks are in bear market: