The S&P 500 on Tuesday fell into a correction for the first time in two years, joining the Nasdaq Composite, as Russia sent troops into pro-Russian regions in Ukraine.
The last time the S&P 500 entered a correction was Feb. 27, 2020, when the market was being whipsawed by fears about the outbreak of the COVID pandemic. Read: What war in Ukraine would mean for markets as Putin orders Russian troops to separatist regions The good news for market participants is that history suggests that the market tends to eventually bounce back after the broad-market benchmark suffers a correction, gauged by data backdated to 1928.
And yet it miraculously recovered even though things in Ukraine, your declared catalyst, have only gotten worse. Things that make you go hmm 🤔