There’s a lot to be anxious about on Wall Street and the economy right now “While we are seeing this broad-based sell-off in the market, and it does seem like you cannot avoid it, this isn’t exactly a time for panic,” said Kristin Myers, editor-in-chief of the Balance, a finance website. It’s also one most investors should likely try to weather - stocks don’t go down forever. We’re in the midst of quite a storm right now. “There is never a safe haven when the storm is in full force.” Everything moves together,” said Nick Colas, co-founder of DataTrek Research. “In market dislocations, correlations always go to one. Chances are if you look at your investments right now, you maybe aren’t feeling so great. In the broader recent picture, there really haven’t been many bright spots. Investors are anxious about what’s on the horizon and what policymakers are going to do about it. The long and short of it is that markets are bouncy and on edge. On Wednesday morning, after the release of the latest inflation numbers from the Bureau of Labor Statistics, stocks briefly slid before rebounding. Stocks fell late last week and on Monday before offering a modest reprieve on Tuesday. Bitcoin, which many proponents have long argued is a form of digital gold that could serve as a hedge for market turmoil, briefly fell below $30,000 more than once this week, less than half of where it peaked at nearly $69,000 in November 2021. Many names big and small in the tech sector, in particular, have been struggling. This week, the S&P 500 hit its lowest level in a year. Last week, the Dow and Nasdaq saw their worst single-day declines since 2020. The S&P 500, Dow Jones Industrial Average, and the Nasdaq are now well below where they were at the start of the year, down 16 percent, 12 percent, and 26 percent, respectively, as of market open on Wednesday.
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