If you are coming into the market now and building a retirement portfolio, the state of the market and the economy might feel a bit daunting. The bear market has been harsh, and with the expectation of a continuing economic slowdown, or recession, on the horizon, the outlook may not improve any time soon. The market has gone through multiple bear markets, and they have typically been followed by longer, more robust bull markets.
The stock market is seeing a sea of read as losses accumulate for the week. Pizza and fiber optic stocks show strength.
Smaller stocks were hit harder than larger names. With the S&P 500 down 0.84%, the Russell 2000 (down 2.26%) and Russell Microcap (down 2.08%) took the brunt of the damage. This can create intense selling pressure among the smaller names, driving these stocks into the ground, and for those with a very strong stomach, creating bargain opportunities.