There was a crash in March/April. The stock market has since mostly recovered thanks to the Fed printing money any time there is a dip in the S&P500 while the economy is doing incredibly poorly. What we are seeing is the result of the stock market no longer representing the economy but simply being correlated to it at certain times. Think about it this way: every company is struggling to some degree and we are at record breaking unemployment, and yet here we are with the same index prices as we had in February. To me that doesn’t sound sane and my personal prediction is that if Biden wins the election the printers at the Fed will be slowed down, which will tank stocks and index funds. This will be unfortunate as many people won’t understand that printing unlimited cash to keep Fortune 500 stocks looking good eventually just results in insane inflation and then everyone would lose their investments. If Biden wins I might just buy a few puts on SPY for maybe February or March 2021 as I think a stock crash will be coming.

So the market didn't crash this year?

At this point, I think it is just semantics. You can call it a crash, I would call it a dip.

Mostly because I cannot seriously call it a crash (in a way that most people think about crashes), if just a few months later the market looks like as it never even happened in the first place. When I think of a "real" crash, I think of something the effects of which are still present for at least a year or more after the dip.

But that's just my personal take on it, I do not expect everyone to agree with this interpretation of what constitutes a "real" crash.