> Plummets
Still +4% YoY.
24/7 sensationalist news is just exhausting.
Still +4% YoY.
24/7 sensationalist news is just exhausting.
Anyone paying attention knows the market is in a weird place, and large swings today are the small swings of the past. It's hardly a "plummet" when the amortized line for the past month, including today, is mostly a linear decline.
We've had a couple of single-day 4% drops over the past few months too. Oh no, the market is the lowest it's been in... 3 months!? This is the largest decline we've seen in... 4 months!?
Could it be a market correction? Could it be a full-on collapse? Sure.
But is a single 4% drop worth a headline "plummeting into correction territory"? Not really.
That term has a very specific meaning in that context.
https://en.wikipedia.org/wiki/Market_correction
[ For the record, the link I originally included: https://www.wsj.com/livecoverage/stock-market-today-dow-sp-5... ]
That said, the Nasdaq hasn't seen a lot of -4.8% days recently. This particular article isn't egregious.
This is a bigger jump, but it's also immediately after elections and other activity so I'd expect higher volatility than normal.
Do you think people who buy QQQ are impressed with this?
VTV is up 21% yoy btw.