OK, I’m three cups of ☕️ in today.
Here’s where we stand on the selloff.
Here’s where we stand on the selloff.
The S&P 500 is down 2.2% today.
Total selloff since Wednesday = 6.4%
Total selloff since Wednesday = 6.4%
This has been quite the selloff, but remember — we scaled the mountain to record highs pretty quickly.
The S&P 500 is STILL:
👉 1.4% above its 50-day moving average
👉 6.6% above its 100-day moving average
👉 8.3% above its 200-day moving average
The S&P 500 is STILL:
👉 1.4% above its 50-day moving average
👉 6.6% above its 100-day moving average
👉 8.3% above its 200-day moving average
Tech stocks are getting walloped.
The Nasdaq 100 (a tech-heavy index) is almost 10% from its own record high.
But the N100 is still up 29% YTD, and 61% 😱 since March.
The Nasdaq 100 (a tech-heavy index) is almost 10% from its own record high.
But the N100 is still up 29% YTD, and 61% 😱 since March.
Look, context doesn’t make the market action any less painful. I get it.
But declines like these happen all the time, and they’re healthy for the market in the long run.
You gotta stumble sometimes before you walk.
But declines like these happen all the time, and they’re healthy for the market in the long run.
You gotta stumble sometimes before you walk.
⬆️s and ⬇️s happen. And we’ve seen a lot of ⬆️s lately.
That’s why we have goals: to keep us honest when our emotions get in the way.
That’s why we have goals: to keep us honest when our emotions get in the way.
Here’s what @justLBell and I wrote when stocks started sliding last week.
You’ve got this, fam 👊
ally.com/do-it-right/tr…
You’ve got this, fam 👊
ally.com/do-it-right/tr…
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