Market Correction Perspectives

0
Market Correction Perspectives

Key Takeaways

  • A perfect storm of investor worries collided over the past six trading days, resulting in an unprecedented bout of market volatility.
  • These experiences provide a good opportunity for investors to reassess current allocations relative to long-term targets.
  • We maintain our year-end S&P 500 fair value estimate of 2850–2900, representing a move of approximately 10% from current levels.

After an extraordinary two-year period of market calm, the major U.S. equity markets slipped into correction territory last week. A perfect storm of investor worries collided over the past six trading days, including inflation, monetary policy, and the unwinding of crowded, complex trades. The result was an unpre