Portfolio Return as of 05/06/22:
2020: 25.65%
2021: 29.15%
YTD: 5.79%

Wednesday, January 19, 2022

Market in Correction!

 A 10 percent drop in any market means that market is in a correction. A drop of 20 percent is normally defined as a bear market. 

The Dow Jones Industrial Average (DJIA) is down 5.25% from its high in early January.

IWM, which tracks the Russell 2000, is down 16.5% since it's high in 2021.

The NASDAQ 100 is down 15% since its high in November 2021.

The S&P 500 index is down 5.87%.

The drop in prices have been strongest in tech and small caps, with larger cap stocks not reaching correction status quite yet. 

S&P 500 from Jan 2021

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