February 10, 2023
Good morning,
With the S&P 500 Index off -1.34% thus far this week, it appears that an overdue pullback has finally begun. If you read some financial headlines this morning, you’d think the world was coming to an end. For example, one headline I saw said, “S&P set up for worst week in 3 months.” This is not even factually accurate. Media fear mongering – it’s awful.
I suspect a better perspective could be – a correction has begun in a bull market – should be short and shallow.
Hope you have a nice weekend.
Be well,
Mike