Obviously if it keeps going down, that’s bad. But it looks like it’s at a support level and still much, much higher than it was 5 years ago. (Using SP500 as a proxy for the market at large)
In: Economics
It’s not. The market is still up something like 10% year to date
The stock market can’t go up in a straight line forever, and a correction like today is preferable to an actual crash in 18 months
Economic data is weakening but also hasn’t crashed and is still growing
It’s time to start being concerned, but not panicking. The fed needs to be on top of this at their next meeting, but things are nowhere near out of control or crashing
People who are pushing a panic narrative probably have another agenda. Keep in mind we’re in an election year
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