10% corrections historically should occur almost every year – however, this is only the second in a nine year bull market so investors may not be used to them. You might recall the last correction of 10% occurred around the same time of the year, in Jan/Feb of 2015. When we do get a bigger correction, it is usually a result of perceived change in the economy though the degree of volatility last week with 500pt+ swings within a single day’s trading session, suggests that computer trading has been behind much of that.
Click here to read the February 2018 Market Update
Best,
Rob Hunter