February 5, 2018 – 03:00 p.m.
The Dow Jones Industrial Average, a basket of thirty stocks, dropped 1,175 points at Monday’s close. The index had been down 1,600 earlier.
It’s the 10-percent correction that pretty much everyone was expecting. So get over it!
Economic fundamentals are improving each month, wage growth, employment and manufacturing momentum is intact.
Interest rates will rise. The Federal Reserve will shrink its balance sheet.
The economy is the strongest it’s been in more than a decade.
The stock market can’t go up each and every day. It can’t maintain a rocket trajectory. Today’s move is healthy to say the least.