If Congress really wants to help working Americans, lawmakers should encourage more people to invest in the stock market to take advantage of corporations returning money to shareholders, whether that’s in the form of buybacks, dividends or any other number of capital-allocation decisions.
Roughly 60% of the time a 10% correction didn’t lead to a bear market while roughly 40% of the time it did. The average correction which saw stocks drop 10% but not enter bear market territory was a drawdown of 14%, lasting 132 days from peak-to-trough.
The S&P 500 is within striking distance of logging a market correction. But amid the gloomy headlines, investors should remember that of the 22 corrections seen since 1974, only four have turned into bear markets.
It’s rare to find bipartisan agreement in Washington, D.C., but GOP Sen. Marco Rubio has joined Democrats Bernie Sanders and Chuck Schumer in calling for legislation to...