Ned Davis Research says the global bull market 'remains intact' despite sell-off

Traders on the floor of the NYSE, Jan. 27, 2022.
Source: NYSE

January's washout in stocks isn't the start of a new bear market but rather just a painful move out of crowded positions, according to Ned Davis Research.

More In Pro Insight

CNBC ProCisco, Tesla, and Ally are some of today's stocks: Pro Market Movers May 19
CNBC ProAs stocks edge near bear market, it will be the economy that decides where the sell-off ends
CNBC ProThese fortress stocks hold up the most during bear markets and pay a nice dividend