It’s official.
The Nasdaq 100, which includes many of the biggest names in technology, is now in correction territory. The index is 14% off its 52-week highs.
The financial press loves precise definitions. A “correction” is a drop of at least 10% from recent highs, whereas a “bear market” is a drop of at least 20%.
The bigger takeaway for me here is that the market has lost its momentum. We no longer have that rising tide lifting all boats. So, we need to be careful.
But little setbacks like these also present us with opportunities. This is the time to put together a list of stocks to buy once the dust has settled. And we have a system for that, of course.
The post After the Dust Settles: A Nasdaq Post-Correction Stock Watchlist appeared first on Money & Markets, LLC.