November 24, 2018

The Incredible Falling S&P 500

The big news in the last month or so has been the jarring volatility in the US stock market. At the time of writing, the S&P 500 is practically back to where it was a year ago and is down some -10% from the peak on 17 September, 2018. Despite the headline-making collapse in the share prices of internet companies such as Facebook, the Nasdaq is down “only” about -14% from peak, showing that the drop in the S&P 500 isn’t entirely due to the bear market in “tech”. The drop in share prices seems to be mostly due to… Read More