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We Have a Full-Blown Market Correction on Our Hands


We Have a Full-Blown Market Correction on Our Hands
The good news is that correlated, index-driven selloffs always eventually lead to exceptional stock picking.
Mar 05, 2021 | 06:47 AM EST
The major indices suffered through another day of intense selling on Thursday. The drop was enough to crack some key support areas and pushed the overall market into a technical correction as defined by Investor s Business Daily.
The selling has become increasingly correlated as it has continued and left few stocks untouched. Initially, the corrective action was triggered by a rotation out of technology stocks that had benefited from the work-at-home movement and into the reopen the economy stocks such as hospitality and airlines. ....

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