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- SEIA Newsletter: "The Winter Whipsaw"
- After one of the better Januarys on record, February is experiencing one of its worst starts ever. On the 5th, the Dow Jones dropped 1175, the worst point-drop EVER. The S&P 500® dropped a whopping 113 points, hitting a low of 2638 at one point intraday. The selloff continued on February 8th, as the Dow Jones and S&P 500 fell 1032.89 and 100.66 points respectively. While the numbers are large – especially thinking back to when the entire S&P 500 index dipped below 700 during the depths of the financial crisis – the markets are much higher now, so investors (and the media) should really focus on the percentage drop. While large (Dow Jones -4.6%), the market’s drop on February 5th was in fact only the 108th worst percentage drop in history1. After that great January, the Dow Jones index is now in the red for the year, bringing the correction tally to roughly -10.36% from the high reached on January 26th. Talk about a whipsaw!
Is this normal?
- 4th Quarter Newsletter
- Signature Investment Advisors has published a new SIA Report titled, "2017 Year in Review: So Much For Old Adages"
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