Welcome to month end January!
S&P set for its worst weekly decline since around mid-August 2019.
As of this posting, the S&P has wiped away all January gains.
Headlines pointing to the worsening cornavirus as today’s catalyst. While other outlets pointing to Bernie Sanders’ latest surge.
Me? I say this market was overdue for a nice healthy pullback! Forgettabout the news. 😛
Is this setting up for another déjà vu 2018 again?
U.S. market just a few percent off their ATHs, so still nothing too newsworthy to report here.
This has (at least up to this point) been a pretty orderly selloff.
Question is will that change?
Seems unlikely, especially with the FED seemingly backstopping this market.
What are your thoughts? Let’s hear ’em.