The upheaval in the stock markets operates under extreme conditions while keeping the long-term uptrend intact

The upheaval in the stock markets operates under extreme conditions while keeping the long-term uptrend intact


Traders on the NYSE floor.

Source: NYSE

Investors walked to the brim in the first few months of 2021, took a good look at what was happening beyond, and took a few steps back to think about the risks.

On multiple fronts across multiple asset classes, markets have moved away from extremes of risk appetite and growth assumptions, with the stock index turmoil and partial recovery last week clearly revealing these adjustments. .

Stocks entered April hot, peaking in mid-month accompanied by tense technical conditions and bubbling sentiment. The S&P 500 closed at 4,185 on April 16, up nearly 8% in three weeks and 11% in six weeks. It was more than 16% above its 200-day average, a heady overbought reading from which it had withdrawn sharply in September and late January.

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