The DOW closed Wednesday over a thousand points higher marking the largest one-day gain in its history. But can buyers keep it up? As of right now it doesn’t look like it with US futures down over 300 points as we continue with this period of high volatility and uncertainty. The Dow and S&P are down more than 10% this month which is setting it up for the worst month since back in February of 2009.
Some may say you can pick stocks up for cheap but what is slightly concerning compared to pullbacks in the past is we had more stability. Markets can go up on good and bad news, but rarely go up during times of uncertainty, which is why it is more important than ever to be defensive with your portfolio.