PANews reported on April 9 that according to Cailian Press, the latest US stock research report released by Goldman Sachs shows that the US stock bear market may last longer. It is currently in an event-driven bear market (triggered by tariffs). However, given the rising risk of recession, it can easily evolve into a cyclical bear market. Goldman Sachs further analyzed that from the trend point of view, the average decline of cyclical bear markets and event-driven bear markets is usually around 30%, although their duration varies. Event-driven bear markets last shorter and recover faster. Cyclic bear markets last about two years on average, and it takes about five years to fully rebound to the starting point, while event-driven bear markets usually last about eight months and recover in about a year. The impact of structural bear markets is the most severe, with an average decline of about 60%, lasting more than three years, and usually taking ten years to fully recover.