Dow closes 500 points lower, worst day since March 2023 (cnbc.com)

It’s best to ignore daily stock market fluctuations.

Focus on the long term.

This year has been good so far, my portfolio was flirting with +10% YTD before the last couple weeks

Seems to me without rate cuts forecasted, the market is a little weary about keeping up that pace of gains, so I expect we’ll see fluctuations until the fed signals something a bit more concrete than they have been.

Check out a five-year chart to put all this in perspective. It's up nearly 50% over the last five years.

(In 2019 it was at 26,424 -- whereas today's close was 38,596.)

A price weighted (as opposed to cap-weighted) index of 30 hand picked stocks is currently back down to lows not seen since 1 month ago.

There's been an overly optimistic view of the economic situation:

https://www.barrons.com/articles/bank-of-america-stock-bond-...

https://archive.ph/Q46oB

https://www.bloomberg.com/news/articles/2024-04-03/business-...

https://archive.ph/BDm4W

https://www.bloomberg.com/news/articles/2024-03-30/clo-manag...

https://archive.ph/4ElrO

https://www.wsj.com/finance/banking/banks-are-extending-offi...

https://archive.ph/WQ6XL

https://www.bloomberg.com/news/articles/2024-03-19/real-esta...

https://archive.ph/Wc92Q