In January, we noted that the S&P 500 index had finished 2021 with its second best three-year winning streak in history–and that the probability of a poor year for stocks was higher than it had been in many years. Unfortunately, that probability has become a reality as stocks have declined sharply over the past six months. The S&P 500 index has been ransacked, dropping by 21.28%. The growthier, technology-heavy NASDAQ index plunged 31.0%. With a sharp correction already in place, what do we advise now?
July 2022
