Nasdaq (NDX) stocks were crushed, falling 5% this week, but history says it's not time to panic, states Lucas Downey of Mapsignals.com.
The August CPI report came out worst than expected. Inflation isn't cooling as much as many hoped. This sent stocks down massively. The Nasdaq fell over 5% alone. Today, we look at how stocks perform after such a big fall. Long-term the average is quite positive. But during the Global Financial Crisis and dot-com bust, stocks remained under pressure.
To learn more about Lucas Downey, visit Mapsignals.com.