Market Overview Analysis by Investing.com (Francesco Casarella) covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Investing.com (Francesco Casarella)'s latest article on Investing.com
Despite the declines and investors' overreactions to it, we are still in the green for the yearI'm back in the thick of market action after a refreshing vacation, which included a visit to the picturesque Santiago de Compostela, renowned as one of the final destinations along the famous spiritual pilgrimage route.
The journey itself is undeniably challenging, and I could sense the incredible feeling of achievement upon reaching the finish line. Whether this correction is due to seasonal factors or a more substantial adjustment following the impressive rally up to the end of July, it's clear that many investors are growing impatient.is still up nearly 11.5% since the start of the year.
However, in times like these, maintaining the right perspective becomes crucial. It enables us to sift through the noise and maintain our composure by refocusing on what truly matters.First and foremost, it's crucial to remember that markets, in their upward journey over the long term, experience drawdowns as a natural part of their cycle.
Even in a year that has seen favorable performance thus far, we've witnessed 22 instances of declines surpassing the 1% mark. Does that sound like a high number?Looking at the chart, it becomes evident that the average number of such declines per year is around 30. In 2022, we experienced 63 such instances. Does this help put our fears into perspective? It certainly should.
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