By the OneBite Editorial Staff
U.S. stocks opened higher Thursday morning, amid the release of a positive U.S. GDP report and signs of recovery in the global markets. Market conditions are changing rapidly, making a disciplined, long-term investment strategy all the more imperative.
From rebound to reverse, the market has shown its volatile side this week, putting investors’ nerves and confidence to the test. After a massive rally Tuesday morning, the Dow Jones Industrial Average slid 205 points in the last half hour of trading.1 Yesterday morning, U.S. stocks notched small gains in an attempt to recover from Tuesday’s plunge and eventually rose to close about four percent higher, bringing the S&P 500 out of correction territory.2
As uncomfortable as the ride may be, the current circumstances seem to confirm what we already know: markets go up, and yes, markets go down. In times like these, we choose to remain steadfast to the tenets of our investment philosophy, keeping our eyes focused on the long term — not the headlines.