The Coronavirus global panic sparked the correction and its global spread will eventually end along with this temporary correction. We wrote about it in our InsidersPower Newsletter we issued the first of the month to our membership.
Market fundamentals are still relatively strong even though call this “Corona Crash” makes many insecure even if is another historically standard retracement.
I think William Inge said it best…”The wise man is he who knows the relative value of things.”
The recent drop has been stunning although all within the norms of a market correction.
For example, Black Monday is the name commonly attached to the large stock market crash of October 19, 1987. In the United States, the Dow Jones Industrial Average (DJIA) fell exactly 508 points, 22.6% in one day!
Our current market drop is roughly a 9% correction thus far and likely not complete just yet. Our Wealth Maximizer Pro signal was issued on the 18th of February and protect members who executed on the signal from 90% of this decline.
So, what is next?
We still expect high volatility through March and the next turning point with great profits coming in April. Thereafter a counter-trend move into June. So, if we see a June high, then expect the market to consolidate for the summer.