The market has certainly had a rough go of it lately, with the Dow dropping triple-digits four days in a row before bouncing back again.
With volatility heightened, the question becomes: are we on the verge of a big correction?
My feeling is no, at least not yet. While I do believe that we will see a 10%-20% correction down the road, I’m still mostly bullish right now. In that context, this 5% pullback we’re seeing right now is natural, especially since we haven’t seen an “official” 10% correction in two-in-a-half years.
At the moment, however, I still see positives in key areas. There’s still strength in financials, with a lot of opportunities in undervalued companies. Plus, technology and innovation are still going strong. Game changers are still game changers regardless of the market (which is why I love investing in them!).
Make sure to watch my latest video where I debate whether we’re in for a major correction and share two stocks I believe are good opportunities to make money in right now!