- Stocks fell earlier this week for the same reasons they’ve been falling all year: high inflation, the Federal Reserve’s attempt to cool it, and Russia’s invasion of Ukraine.
- About 90% of S&P 500 stocks fell on Tuesday. Money rushed to safe havens, such as Treasuries, pushing yields down. The 10-year now yields 2.77%, down from 2.90% on Friday. The CBOE Volatility Index (VIX) rose 24% to 33.5.
- However, there a positive aspect: lower sentiment, which is necessary for a base to form and a recovery to begin.
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Another Doozy - And You Can Handle It