Since SPY and NDX are officially down 5-7% on the year, what are the loses of your portfolio YTD
The stock market has been fine up until early February of this year. Buy now that we got a War fully breaking out, institutions and retail don’t seem to have an appetite for equities like they used to. Because of this, stocks have just dropped like a stone from all time highs.
The most frustrating part of all this (other than looking at gas pumps, and people dying) is that stocks that are growing and have great profit margins are being punished alongside the rest of the market despite being winners long term. The drawdown is so universal that it seems like the only things working this year is oil stocks.
Since most of the US Economy is not oil, everyone is seeing losses YTD. So tell me, have you been seeing the same thing, or have you somehow avoided the red YTD portfolio?