Largest Drop in Stock Market History

Today’s market is one for the history books. The largest point drop in stock market history, though other markets have had larger percentage drops. While today feels like capitulation selling, and we think we’re oversold here. It is likely to get worse before it gets better. We have a “bottom finder” indicator that looks better but is not flashing green yet. So we wouldn’t buy, but we certainly wouldn’t sell either.

Markets like this are good for diversified portfolios. Not so much for concentrated risk, unless you’re really good at picking winners.


As such, actively taking defensive actions to protect against a worst case scenario may be the right approach. We reduced energy exposure several weeks ago and are thinking through sectors that may actually thrive in a cataclysmic market shift.

 scoop markets, written by professional economists and investors with backgrounds from leading Wall Street firms, breaks down the complexities of the stock market and economy into easy access, digestible morsels. You're busy, but you care about your investments - and it's exhausting keeping up with the stock market.  We solve that problem.  

SUBSCRIBE 

 Get the weekly email that makes keeping up with the market actually enjoyable. Stay informed, for free. 

If you don't like our newsletter, please unsubscribe at anytime. Seriously, no hard feelings.

© 2020 scoop markets. All Rights Reserved.