S&P 500 (SPY) reached the peak in April 2019, and still remains near the peak. However, the financial sector (XLF), the industrial sector (XLI), the materials sectors (XLB), and the consumer staples sector (XLP) all peaked in January 2018, while the energy sector (XLE) continues the downtrend since 2014. The healthcare sector (XLV) peaked in October 2018. The technology sector (XLK) and the consumer discretionary sector (XLY) continue the lead the market higher, reaching the new highs in April 2019. Add to this that emerging markets (EEM) and key commodities such as copper also peaked in January 2018. Are the US stocks in a bear market since January 2018?