The U.S. stock market has declined for six straight days. The S&P 500 dropped 3.3% on Wednesday – its largest single day drop since February 2018. By market close today it had dipped a further 2.06%. Stocks also fell in Canada and in markets across the globe.
The backdrop to this short-term trading is still dominated by deepening U.S.-China tensions and a surge in volatility for stock and bond markets. As long-term investors, we are focused on the objectives of our portfolios and are tuning out the noise.