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Jake DeKinder, Head of Advisor Communication for Dimensional Fund Advisors, explains why investors should view recent market declines as part of the nature of investing.
It looks like the U.S. stock market will finally get something that happens, on average, about once a year: a 10+% percent drop—the definition of a market correction/pullback. The last time this happened was a whopper—the Great Recession drop that caused U.S. stocks to drop more than 50%–so most people today probably think corrections/pullbacks are catastrophic.
Should we be alarmed by the recent downturn of the stock market? The S&P 500 stocks are, in aggregate, worth 2.13% less than they were yesterday.