From Nasdaq MarketSite: 2024-04-16 14:38:00

Equity markets are influenced by recency bias, causing active investors to lose money due to recent events affecting trading decisions. Despite the potential for a bear market correction, trends tend to persist, and corrections in bull markets usually resolve to the upside.

2024 has seen the Nasdaq 100 ETF and S&P 500 Index ETF fall below the 50-day moving average for the first time this year. While this suggests a bearish trend, historical data shows that the market has been abnormally tranquil without any significant pullback.

Investors can prepare for short-term pullbacks by managing risk and watching for signs of market shifts. If leading stocks like Nvidia and Coinbase show strength at key levels, it may indicate a turnaround in the market’s trend towards the upside.

A significant infrastructure stock boom is anticipated in the U.S. with bipartisan support for massive spending on rebuilding projects. Trillions will be invested, creating opportunities for investors to profit from companies involved in construction, transportation, and energy transformation on a large scale.

Read more at Nasdaq: Bull Market Corrections: What to Know & What to Do