Dear readers, US stocks were down significantly yesterday.
The Dow Jones Index went south by 3.57%.
The S&P 500 retreated by 4.04%.
The NASDAQ Composite was down 4.73%
Again, volatilities have set in for US stocks. Up one day, Down more another day.
I am not surprised and I think wise investors are in the midst of accumulating more investment war chest for deployment at the right time. Yes, that’s right, when the markets correct!
When I looked through the news headlines, it seems like not many analysts can give good explanations of why the US stocks went south significantly yesterday, other than the usual interest rate hike impacts, inflation effects and fear of recession.
Are you ready for the stock markets corrections next?