By Dustin Giannangelo
CEO Fusion Wealth Management
The combination of rising interest rates and bond yields, an escalation in the implementation of tariffs by the U.S. and China, next month’s midterm elections, debt concerns in Italy and the usual geopolitical strife has investors spooked for the time being, in our opinion.
As indicated in the charts, both the 2015 and 2018 corrections in the S&P 500 Index entailed initial 10% or more sell-offs followed by notable recovery attempts and then additional sell-offs. The average time it takes the S&P 500 Index to fully recover its losses from correction is four months.
Here are Five Data Points You Need to Know:
*Chart Source: Bloomberg, 10/25/2018
Past performance is no guarantee of future results.
S&P 500 Index is an unmanaged group of securities considered to be representative of the stock market in general. You cannot directly invest in the index.
The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra IS or Kestra AS. The material is for informational purposes only. It represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. It is not guaranteed by Kestra IS or Kestra AS for accuracy, does not purport to be complete and is not intended to be used as a primary basis for investment decisions. It should also not be construed as advice meeting the particular investment needs of any investor. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.
Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Fusion Wealth Management is not affiliated with Kestra IS or Kestra AS.
Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. Fusion Wealth Management, LLC is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice and are not Certified Public Accounting (CPA) firms. FINRA's BrokerCheck