In light of recent market volatility, I thought I'd bring up a little bit of market history from way back in..... 2010. When I refer to "the market," I am talking only about the S&P 500 Index, a commonly accepted measure of the US Stock Market.
Back in April of 2010, the market suffered nearly a 16% decline from April 23rd, to the market bottom on July 2nd. Our most recent episode was a 17% decline from July 7th to August 8th.
And yet, 2010 went on to be a positive year for the market.
Market declines and sell-offs come in all shapes and sizes. Long term investors should remained focused on managing risk, controlling costs, and staying diversified.
Jeremy Burri
Investment Advisor Representative
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