“The stock market takes the stairs up and the elevator down,” according to an old Wall Street adage. The expression captures how markets tend to work. Bullish moves tend to happen over time, while bearish trends can happen in swift, focused drops. The pressure on tech stocks in recent weeks shows how the elevator works. It’s a good opportunity to remind you to print out this chart and pin it to your computer monitor. It might help you put volatility in perspective when Wall Street gets frustrating. |
So far in 2026, the only official 5 percent pullback started in late January and ended in late March. But the recent action in AI companies and other tech stocks sure felt a bit overwhelming. If you’re starting to think, “This time it’s different,” please reach out. Let’s hear what’s on your mind. |
This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm.
The S&P 500 index was introduced in March 1957, when it was expanded from 90 companies to 500 and renamed the S&P 500 Stock Composite Index.
Stocks are represented by the S&P 500 Composite Index is an unmanaged index that is considered representative of the overall U.S. stock market. Index performance is not indicative of the past performance of a particular investment. Past performance does not guarantee future results. Individuals cannot invest directly in an index. The return and principal value of stock prices will fluctuate as market conditions change. Shares, when sold, may be worth more or less than their original cost.