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But we saved everything 🙂.
Several major indexes and assets have recently experienced drawdowns from their highs, including the Dow (down 4%), S&P 500 (down 4.3%), Russell 2000 (down 9.6%), Nasdaq 100 (down 12.9%), gold (down 24%), semiconductors (down 31%), and Bitcoin (down 39%).
Ben Carlson, director of institutional asset management at Ritholtz Wealth Management, also commented humorously that his red wine consumption in Italy is "breaking out to new highs."
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Carlson has previously noted sharp moves in individual stocks, including a 50% drop in Planet Fitness shares this year. He has also called rebalancing portfolios a timely and straightforward investment strategy in recent commentary, according to earlier advice. These observations come as investors watch a broad pullback across major assets.