On Monday, the S&P 500 finished the day up about 1.7%.
The “Magnificent Seven” tech stocks traded higher, which helped boost the overall market. Tesla (TSLA) was responsible for the biggest move – up more than 13%.
So today, I want to break down the recent market action. As I’ll explain, I’m not entirely convinced the bottom is in.
Watch today’s video update below.
The market entered correction territory and then immediately bounced higher. The correction didn’t last long at all, which does happen sometimes.
I think the next couple days are going to be important. There’s a lot of outside factors that could influence investors in the short term.
So we’ll see what happens. But the main takeaway is that fear is making its way out of the market. And that could create some new opportunities down the line.
Here’s to the future,
Matt McCallEditor, Market Insights
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