Source: https://mochatrade.com/learn/glossary/bull-and-bear-market

# Bull and bear market
URL: https://mochatrade.com/learn/glossary/bull-and-bear-market
Last modified: 2026-10-17

A bull market is a sustained rise in prices; a bear market is a fall of 20% or more from a recent high, the convention for the S&P 500. The labels look backward; what moves a market from one to the other is [the price of money](https://mochatrade.com/learn/us-market-structure/how-the-fed-moves-markets), [earnings guidance](https://mochatrade.com/learn/us-market-structure/us-earnings-explained) and [shocks with no schedule](https://mochatrade.com/learn).

## Related terms

- S&P 500: https://mochatrade.com/learn/glossary/sp-500
- Guidance (earnings guidance): https://mochatrade.com/learn/glossary/guidance
- Market correction: https://mochatrade.com/learn/glossary/market-correction
- Dividend ETF: https://mochatrade.com/learn/glossary/dividend-etf
- Dividend aristocrats: https://mochatrade.com/learn/glossary/dividend-aristocrats
- P/E ratio: https://mochatrade.com/learn/glossary/p-e-ratio