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 really bad but people tend to take a short term view of their investments. This is also distorted in the media because, if we’re going to look at the SP500, 30% of the SP500 index is made up by only six tech companies: Apple, Microsoft, Nvidia, Amazon, Meta, and Alphabet. The vast majority of SP500 companies are down this morning, but the heavy weighting on a few companies can exaggerate the effect. Similar problems exist for the NYSE and NASDAQ.
[https://www.slickcharts.com/sp500](https://www.slickcharts.com/sp500)
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