Hello from the mountains of northwest Pennsylvania, where I've spent much of the weekend staring into the woods in the hopes of spotting my local bear. In a fun cosmic twist, Monday arrived with a big bear of another sort. Here's the deal: We're officially in a bear market, which happens when stocks close down 20% or more from their most recent high. Higher interest rates make it more expensive to borrow money, and that tends to sap earnings and stock prices. My colleague Jeanne Sahadi explains how you can When you encounter a bear, don't panic.

Source: CNN June 14, 2022 10:11 UTC