What happened?
The NASDAQ (a group of stocks, primarily Large U.S. tech companies) fell just over 5% this week. The drop is being blamed largely due to fears that the Federal Reserve will increase the “federal funds rate” in an effort to combat inflation.
What should you do about it?
Many investors are taking on massive amounts of risk due to their recency bias & the hidden time bomb that is neglecting to rebalance. Ensure your portfolio is globally diversified and not overweighted in US Large stocks – historically once of the worst performing asset classes due to the cost of capital story.