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August 5, 2024

(Must Read) Putting Last Week’s Decline in Perspective

Hey, it’s Ross Givens here with the Chart of the Day. Volatility spiked on Friday and again today, reaching its highest level since the Covid Crash of 2020. Recession fears are back, causing the S&P 500 to close lower for three consecutive weeks and the Nasdaq to enter correction territory, down over 10% from its recent high. But let’s put things in perspective: the S&P 500 is back at early June levels, and the Nasdaq is at late May levels. This drop is minor compared to the bull market that began in October 2022. There are always opportunities in the market, which I explain in the Insight of the Day.

August 5, 2024 No Comments

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