The S&P 500 was -14.6% peak-to-trough on an intraday basis in 2022. Ed Clissold of Ned Davis Research pointed out that the characteristics of cyclical bears and recession bears have been very different. Cyclical bears that don't involve a recession tend to be shorter in length and less severe in magnitude compared to recession bears, though "most non-recession bears include a recession scare".
Here are some ways of spotting a durable market bottom.
The full post can be found here.
