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Key takeaways from 'We're in the early phases of the deepest bear market of my life': A 37-year market vet warns stocks could fall 50-80% — and shares the strategies he's used to beat 91% of his peers this year

David Wright's Sierra Tactical All Asset Fund has lost just 2.3% this year, outperforming 91% of its competitors.

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The S&P 500's P/E ratio currently sits at 20.5, according to the Wall Street Journal. The Nasdaq has a P/E ratio of 26.2.
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