Mortgage Rates Fall Below 7% In Rare Sign Of Relief For Homebuyers
ForbesMAR 2024
Recent declines in the US stock market were an indication of a potential shift and the coming end of its bull runboom. High interest rates have hurt debt-heavy companies and smaller businesses are facing declining revenues. Political and economic uncertainties do not exactly create optimism. Most US stocks have not reflected the economy's once-exceptional economic growth for a while.
A correction was only waiting to happen after the US market's bull run. Stock market crashes don't happen often, and the current situation doesn't suggest an imminent crash of a major kind. Investors should focus on maintaining diversification, balancing portfolios, and sticking to long-term plans, as history shows that market dips often present valuable buying opportunities.
There is a 50% chance the US unemployment rate will be 8.33% after the next market crash happens, according to the Metaculus prediction community.