Many market shocks are short-lived once investors conclude the event is unlikely to cause lasting economic damage. Still, major market downturns such as the 2000 dot-com bust and the 2008-09 credit crisis are powerful reminders that we cannot control or predict exactly how, where, or when precarious situations will arise.
January 16, 2018-U.S. equity momentum accelerated to new heights entering 2018, with the S&P 500 posting new record-setting highs during eight of the first nine trading days of the year. Quite significantly, the S&P 500 broke its 200-day trend line average by over 11%-a velocity not seen since 2013, which was the best year for stocks in a generation.
Imagine that you receive an email with an urgent message asking you to verify your banking information by clicking on a link. Or maybe you get an enticing text message claiming that you've won a free vacation to the destination of your choice — all you have to do is click on the link you were sent.