Many investors would argue that we’re in the midst of a sizable market pullback.
In reality, the S&P 500 is trading just 3% below its all-time high.
Clearly, it’s not as bad as most folks think.
On today’s new episode of the SteadyTrade Podcast, Tim Bohen and I discuss what’s going on in the market and detail how to take advantage of it from both a long-term perspective as well as a day-trading perspective.
But while The S&P 500 is well within reach of record levels, the same can’t be said for the Nasdaq 100. The index is still near correction territory – currently down 9% from its July high.
Meanwhile, the Magnificent Seven tech stocks that led the market rally for most of 2024 are now at the forefront of the decline. All but two are down at least 10%.
That leaves us with two big looming questions…
Is the pullback in large tech stocks a great buying opportunity?
And should investors consider diversifying out of well-known tech stocks and into other sectors of the market –even small-cap stocks?
Here’s to the future,
Matt McCallEditor, Market Insights
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