Nick’s Note: On Mondays, we run the latest insights from former hedge fund manager and PBRG guru Teeka Tiwari. It’s a feature you can only find here at the Daily.
The stock market is on track for its worst monthly performance in nearly a decade. And October’s ride has been extremely bumpy. This has many people asking, “Is this the start of a bear market, or is the bull market taking a temporary break?” Teeka has the answer below…
By Teeka Tiwari, editor, The Palm Beach Letter
The market has been roughed up this month…
The Dow is down 7% since October 1. The S&P 500 has fallen over 8.5%. And the tech-heavy Nasdaq has plummeted nearly 10%.
Although 10 years have passed, horrible memories of the 2008 market crash loom in investors’ minds.
“Are we about to tip into a prolonged bear market?” That’s the question on many folks’ minds right now.