Market movement always gets attention that then demands an "explanation" in the news. We have been told that this correction was down to recession fears. Well, that can be a catalyst, but the bull move was very narrow in technology stocks, hence the profit taking. I think it will likely surge back but would look to position in other areas of the market, like healthcare and utilities. The Mag Seven have been over-owned and this is part of the process of correcting that.
Market movement always gets attention that then demands an "explanation" in the news. We have been told that this correction was down to recession fears. Well, that can be a catalyst, but the bull move was very narrow in technology stocks, hence the profit taking. I think it will likely surge back but would look to position in other areas of the market, like healthcare and utilities. The Mag Seven have been over-owned and this is part of the process of correcting that.
The stock market is not the economy and the mag seven even less so.
With Harris or Trump installed, the USD will weaken with low interest rates, high inflation and a crack up boom.