The 4.1% plunge in the S&P 500 yesterday looks ominous, all the more so since it follows last week’s hefty 3.8% decline. But focusing on what just happened distorts our capacity to maintain a healthy sense of historical perspective. As an antidote, let’s step back and consider the latest market action through a longer-term lens.
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World stock markets continue to dive on Tuesday: Reuters
Monday’s 1175-point Dow slide is a record for absolute declines: WSJ
Global policy makers react to stock market plunge: Bloomberg
Re-evaluating the wisdom of tax cuts after the market slide: NY Times
US ISM Non-Mfg Index surges in Jan, near 10-year high: CNBC
PMI: US services sector growth eases to nine-month low in Jan: IHS Markit
Survey data shows global economic growth at 40-mo high in Jan: IHS Markit