Dow closes 500 points lower, worst day since March 2023

A price weighted (as opposed to cap-weighted) index of 30 hand picked stocks is currently back down to lows not seen since 1 month ago.

Check out a five-year chart to put all this in perspective. It's up nearly 50% over the last five years.

(In 2019 it was at 26,424 -- whereas today's close was 38,596.)

There's been an overly optimistic view of the economic situation:

https://www.barrons.com/articles/bank-of-america-stock-bond-...

https://archive.ph/Q46oB

https://www.bloomberg.com/news/articles/2024-04-03/business-...

https://archive.ph/BDm4W

https://www.bloomberg.com/news/articles/2024-03-30/clo-manag...

https://archive.ph/4ElrO

https://www.wsj.com/finance/banking/banks-are-extending-offi...

https://archive.ph/WQ6XL

https://www.bloomberg.com/news/articles/2024-03-19/real-esta...

https://archive.ph/Wc92Q

It’s best to ignore daily stock market fluctuations.

Focus on the long term.

This year has been good so far, my portfolio was flirting with +10% YTD before the last couple weeks

Seems to me without rate cuts forecasted, the market is a little weary about keeping up that pace of gains, so I expect we’ll see fluctuations until the fed signals something a bit more concrete than they have been.