By now, you’ve seen the headlines, full of scary-sounding words like rout and storm, plunge and crash. Whatever you want to call it, investors have certainly endured a rough time over the past few days. The Dow, dominating the media’s coverage as usual, dropped more than 600 points on February 2, and almost 1,200 points on February 5. That’s a single-day decline of 4.6%, the largest since 2011. The other major indexes were shaky, too.
It’s been quite some time since we’ve seen volatility like this. The S&P 500 skyrocketed almost 20% in 2017. What was even more amazing last year was how calm and consistent the climb was. Since the election, any declines have been mere blips on the radar screen. Read More