Markets finished a volatile day slightly higher on Monday after reversing a steep slide caused by uncertainty over inflation-fighting measures from the Federal Reserve. A late-day buying spree pushed the benchmark S&P 500 index to a 0.3% gain after pulling it out of so-called correction territory — a drop of 10% or more from its recent high. We share some insights to the recent movements in the video below.
It's important to look past short term headlines and focus on your long term objectives. As always, please contact your advisor should you have any questions.