After a really lousy go of it last week the S&P 500 dropped into Correction territory...again.

No, your radio isn't busted, it's just the Fed DJ has been blasting out the same old inflationary song for so long now, that eventually the markets were going to catch-up (or drop as the case may be). On Friday the 27th, the S&P 500 officially entered into new correction territory for this year falling just over 10% from the high set on July 31.

What's a Correction & Why Should I care?

A market correction is described as a drop of at least 10% but less than 20% in a stock market index from recent highs. It can be triggered by a number of factors, such as an overbought (overheated) market, negative headlines news, economic shocks, or major negative events. The concern or worry is that a market correction can lead to a Bear Market (a drop of 20% or more).

So, What's It Mean to Me?

Consumer & Investor sentiment can also be a trigger. If suddenly a lot of people feel uneasy about the state of things or how their investments are doing, it can further a pullback or decline. The Federal Reserve Bank not giving clear indication of its course of action can also create unease. This can make some investors to make rash or panicked moves with their finances, depending on their circumstances and financial goals.

The Reality of This Market

On Jan 3, 2022 the S&P 500 hit its all -time high of 4796. While the technical don't look beyond a rolling 52-week year, the reality is that we have been in a correction for most of 2023 (down 10% from the all-time high). Telling you today that we re-dropped into correction felt more like "doom & gloom"  or trying to be scary with the headlines heading into Halloween, then actual market worthy information.
However, all of this still bears (no pun intended) watching as nothing feels certain with the markets today. 
How are you feeling about things?

You can't get a second opinion from the person who set up your plan: Sometimes it helps to have a different perspective on things.