S&P 500 is down 14% from its high at the end of last year, Dow is down 10%, NASDAQ is down 25%. Those are significant drops over a 6 month period.
Of course, it depends on the course of earnings, where current estimates seem quite optimistic
“Those are significant drops”
It’s going to be hilarious when you kids see a REAL recession.
had this discussion with my friend just last night when he tried blaming our current market on our current administration.
our ecomony was _heavily_ propped up by the fed during the pandemic. the market needed to correct itself eventually once the propping stopped.