3.19 Crude Oil Surge Confirms U.S. Stocks Entering Bear Market 1. In recent weeks, crude oil has surged. Historically, in years when crude oil prices spike, U.S. stocks invariably enter a bear market. Inflation leads to tighter monetary policy, which then triggers economic recessions—2008, 2011, 2018, and 2022 all followed this pattern. This year won’t be an exception. 2. Last night, influenced by the PPI and the Federal Reserve meeting, the crypto market also followed with a drop. However, the rebound isn’t over yet. These two months mark the rhythm of U.S. stocks entering a bear market while the crypto market stages an independent rebound.