Just landed—is cash still king?
The Nasdaq Composite actually fell about 5%, nearly 6%. Historically, after a single-day drop of more than 4%, the odds of a gain the next day are only around 40%, and about 54% over the following week or month. Average returns are positive, but volatility is high.
A short-term rebound is far from certain, especially now that the market is already in correction territory and policy uncertainty looms. Are you still willing to buy?
In early November, all I could think about at first was the bearish news, but I just couldn’t stop myself from wanting to buy. Anyway, I’m in—I just got in early 🥹
The Nasdaq Composite actually fell about 5%, nearly 6%. Historically, after a single-day drop of more than 4%, the odds of a gain the next day are only around 40%, and about 54% over the following week or month. Average returns are positive, but volatility is high.
A short-term rebound is far from certain, especially now that the market is already in correction territory and policy uncertainty looms. Are you still willing to buy?
In early November, all I could think about at first was the bearish news, but I just couldn’t stop myself from wanting to buy. Anyway, I’m in—I just got in early 🥹
