Trump administration is in the spotlight. Markets faced the worst decline on Wednesday since September 2016.
Headlines such as "Brace for a massive stock-market selloff," were on the newsstand. It seemed some are ready pronounce the current market as bearish after one day of weakness.
President Trump fired FBI Director, James Comey. The latter was probing the matter involving Russia and the former's election campaign. That action undermined his initial plans for tax reform, deregulation, and infrastructure spending.
Investors took the opportunity to buy the price dip on the next day. Market stabilized and continued its recovery on Friday. Expect more down days in the next several weeks as market pullbacks after from its strong run.
Let us have a look at the daily charts for the 4 market indices.
For weekly charts, this is how market indices fared.
Let us look at the investor's sentiments for the week.
Investors seem to be uncertain with the current market outlook and inclined towards fear and worry. This is reflected on the rise of bearish and neutral sentiments. A drop in the level of bullishness indicates that the active investors are drawing back and watching from the sideline for positive market news.
The market is showing signs of intermediate weakness. So what should you do as an investor.
Here are 4 things save you from potential bankruptcy: