In recent days, the White House has made it crystal clear that it's willing to endure significant economic turmoil and short-term pain in the stock market while it implements its economic agenda. We're seeing that pain right now... The S&P 500 is down 10% since it hit a record high on February 19. The Nasdaq Composite has fared even worse. It's down 14% since that peak and has entered correction territory (a market correction is defined as a decline of between 10% and 20% in an index). Some market watchers are even speculating that a bear market may have begun on February 20... |
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