By Matt Ahrens, CIMA®
The S&P 500 had just eclipsed over 400 days of market growth without a 5% or greater pullback. That all came to a dramatic end on February 5th. The Dow Jones Industrial Average made its own record that day, with a drop of 1,175 points. That’s the largest single day points drop in history. In many ways, it may be a blessing that the painful drop is happening quickly. Better to pull off the Band-Aid quickly than create a slow and agonizing pain.