At the market close on 7 May, all major stock market indexes were down for the year.
Amazing: the DJIA hit 11,200 on 26 April, and here we are a couple weeks later down for the year! Things are changing very fast.
When you consider how different these indexes are, it is pretty surprising how much they are moving in tandem. There was some divergence during the year between them, but now they are all basically back where they started.
It seems like just a few days ago, the market would rise no matter what happened, and now it feels like the bottom is dropping out.
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