Like_老虎社区_美港股上老虎

2021-09-22

Don’t fret over a market downturn: Here’s what the final months of 2021 could look like for your retirement investments<blockquote>不要担心市场低迷： 2021 年最后几个月您的退休投资可能会是什么样子</blockquote>

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":869496611,"tweetId":"869496611","gmtCreate":1632313951133,"gmtModify":1632801330533,"author":{"id":3583140590641923,"idStr":"3583140590641923","authorId":3583140590641923,"authorIdStr":"3583140590641923","name":"Andrew210782","avatar":"https://static.tigerbbs.com/0e065afa93f953171dd0eb9aaebbe93b","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":19,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","extraTitle":"","html":"<html><head></head><body>Like</body></html>","htmlText":"<html><head></head><body>Like</body></html>","text":"Like","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/869496611","repostId":1193835698,"repostType":4,"repost":{"id":"1193835698","kind":"news","pubTimestamp":1632311844,"share":"https://www.laohunote.com/m/news/1193835698?lang=zh_CN&edition=full","pubTime":"2021-09-22 19:57","market":"us","language":"en","title":"Don’t fret over a market downturn: Here’s what the final months of 2021 could look like for your retirement investments<blockquote>不要担心市场低迷： 2021 年最后几个月您的退休投资可能会是什么样子</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1193835698","media":"US today","summary":"Financial markets are suddenly turbulent again.\nFollowing a brief but devastating crash in March 202","content":"Financial markets are suddenly turbulent again.<blockquote>金融市场突然再次动荡。</blockquote> Following a brief but devastating crash in March 2020, stocks and other investments had glided ever higher and touched new records, seemingly impervious to an endless stream of bad news about COVID and a historic wave of unemployment during the pandemic fueled recession. If you checked your 401(1) or your Robinhood account during that time, many investors saw a bigger net balance.<blockquote>在 2020 年 3 月经历了一场短暂但毁灭性的崩盘后，股票和其他投资不断走高并创下新纪录，似乎没有受到有关 COVID 的无休止的坏消息和疫情引发的经济衰退期间历史性失业浪潮的影响。如果您在此期间检查您的 401(1) 或 Robinhood 账户，许多投资者会看到更大的净余额。</blockquote> That is, until this month.<blockquote>也就是直到这个月。</blockquote> Global financial markets have wavered in recent weeks, slumping across the board Monday in what was one of the worst days of the year. An array of concerns about the global economy converged to drag down stocks, and some Wall Street experts worry it may upend Wall Street’s streak of gains.<blockquote>全球金融市场最近几周波动不定，周一全面暴跌，这是今年最糟糕的一天之一。对全球经济的一系列担忧共同拖累了股市，一些华尔街专家担心这可能会颠覆华尔街的连胜势头。</blockquote> At one point on Monday, the blue-chip Dow Jones industrial average dropped by as many as 972 points before closing down 614 points. Investors worried about the pace of global growth, possible damage to markets from indebted real-estate developers in China and fears about Federal Reserve policies that could emerge from the central bank's meeting this week.<blockquote>周一，蓝筹股道琼斯工业平均指数一度下跌972点，收盘下跌614点。投资者担心全球增长速度、中国负债的房地产开发商可能对市场造成的损害，以及对美联储本周会议可能出现的政策的担忧。</blockquote> So does this mean trouble for your nest egg? Don’t freak out just yet, experts say.<blockquote>那么这对你的储蓄来说意味着麻烦吗？专家说，先别惊慌。</blockquote> Here's what the stock market is signaling about the rest of the year.<blockquote>以下是股市对今年剩余时间的信号。</blockquote> What's caused stock market volatility?<blockquote>是什么导致了股市波动？</blockquote> While there are whispers of a Lehman Brothers-like crisis brewing overseas, most financial experts said those troubles appear contained.<blockquote>尽管有传言称海外正在酝酿类似雷曼兄弟的危机，但大多数金融专家表示，这些麻烦似乎得到了控制。</blockquote> Those fears are part of a series of factors that have weighed on investors in recent weeks, putting the S&amp;P 500 -- the benchmark used for most mutual funds -- on track for its first monthly decline since January. Cryptocurrencies also came under further pressure Monday, with bitcoin, the world’s most popular digital currency, slumping by more than 7%.<blockquote>这些担忧是最近几周给投资者带来压力的一系列因素的一部分，这使得大多数共同基金使用的基准标普500有望出现自一月份以来的首次月度下跌。周一，加密货币也进一步承压，全球最受欢迎的数字货币比特币暴跌超过 7%。</blockquote> Worries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — have rippled across global markets. Those concerns have centered on Evergrande, one of China’s biggest real estate developers, which looks like it may be unable to repay its debts.<blockquote>对负债累累的中国房地产开发商的担忧——以及如果它们违约可能对全球投资者造成的损害——波及全球市场。这些担忧集中在中国最大的房地产开发商之一恒大身上，该公司看起来可能无力偿还债务。</blockquote> The fear is that Evergrande could collapse, causing a chain reaction through the Chinese property-development industry that spills over into the broader financial system, similar to how the failure of Lehman Brothers inflamed the 2008 financial crisis and Great Recession. Those Chinese property companies have been big drivers of that nation's economy, which is the world’s second-largest.<blockquote>人们担心恒大可能会倒闭，引发整个中国房地产开发行业的连锁反应，并蔓延到更广泛的金融体系，类似于雷曼兄弟的倒闭引发2008年金融危机和大衰退的方式。这些中国房地产公司一直是中国经济的重要推动力，中国是世界第二大经济体。</blockquote> But analysts expect China’s government to prevent such a scenario, avoiding a Lehman-type moment, they said. For example, China’s short-term debt markets, also known as money markets, aren’t showing any worrisome signs of broader problems, according to Ryan Detrick, chief market strategist at LPL Financial. In a note to clients, he said these markets tend to be the canary in the coal mine and that the fallout appears to be fairly contained as of now.<blockquote>但分析人士表示，他们预计中国政府将防止这种情况发生，避免出现雷曼兄弟式的时刻。例如，LPL Financial 首席市场策略师 Ryan Detrick 认为，中国的短期债务市场（也称为货币市场）并没有显示出任何令人担忧的更广泛问题迹象。他在给客户的一份报告中表示，这些市场往往是煤矿中的金丝雀，到目前为止，影响似乎得到了相当大的控制。</blockquote> “Short-term funding markets are acting just fine in China thus far,\" Detrick wrote. \"Remember, it was the money markets in the U.S. that first started to show cracks in the system in early 2008, well before the wheels fell off.”<blockquote>“德特里克写道：”到目前为止，中国的短期融资市场表现还算不错。“请记住，早在2008年初，美国的货币市场就开始出现体系的裂缝，远在车轮脱落之前。”</blockquote> Investors are also concerned that the Fed, which is due to deliver its latest economic and interest rate policy update on Wednesday, may signal Wednesday that it’s planning to pull back some of the support measures it provided markets and the economy.<blockquote>投资者还担心，美联储将于周三发布最新的经济和利率政策更新，美联储可能会在周三发出信号，表示计划撤回其为市场和经济提供的一些支持措施。</blockquote> A potential rise in interest rates has implications for the stock market and could make shares of companies with relatively high prices less attractive. Those types of stocks tend to be technology companies that are priced typically for growth and not for a steady return of dividends like consumer staples, utilities and real estate companies.<blockquote>利率的潜在上升会对股市产生影响，并可能降低价格相对较高的公司股票的吸引力。这些类型的股票往往是科技公司，其定价通常是为了增长，而不是像消费品、公用事业和房地产公司那样为了稳定的股息回报。</blockquote> In addition to Fed fears, the COVID-19 pandemic continues to weigh on the global economy. Congress also faces a looming deadline at the end of the month before the government may shut down.<blockquote>除了美联储的担忧之外，新冠肺炎疫情继续给全球经济带来压力。在政府关门之前，国会还面临着迫在眉睫的最后期限。</blockquote> Despite concerns that Americans may reign in their spending following supply shortages and a flare-up of COVID-19 infections fueled by the delta variant, purchasing power has remained strong. That could help mitigate expectations for a slowdown in economic growth in the third quarter, as consumer spending accounts for more than two-thirds of U.S. economy activity.<blockquote>尽管人们担心美国人可能会在供应短缺和德尔塔变异毒株引发的 COVID-19 感染爆发后控制支出，但购买力仍然强劲。这可能有助于缓解对第三季度经济增长放缓的预期，因为消费者支出占美国经济活动的三分之二以上。</blockquote> U.S. retail sales unexpectedly rose 0.7% in August, the Commerce Department said last week, helped by back-to-school shopping and additional stimulus through child tax credit payments from the IRS. Sales up 15.1% from the same period a year ago.<blockquote>美国商务部上周表示，得益于返校购物和国税局通过儿童税收抵免支付提供的额外刺激措施，美国 8 月份零售额意外增长 0.7%。销售额比去年同期增长15.1%。</blockquote> Consumer confidence has remained strong following a jump in personal income, which has helped the savings rate remain elevated. Last month, a separate report from the Commerce Department showed that incomes outpaced spending in July, with the personal savings rate climbing to 9.6%, up from 8.8% in June.<blockquote>随着个人收入的增长，消费者信心依然强劲，这有助于储蓄率保持在较高水平。上个月，商务部的另一份报告显示，7 月份收入超过支出，个人储蓄率从 6 月份的 8.8% 攀升至 9.6%。</blockquote> Stocks face bumpy road after record run, but are poised to march higher<blockquote>股市在创纪录上涨后面临坎坷之路，但有望走高</blockquote> The U.S. stock market has remained resilient despite concerns about the economic effects of the spread of the delta coronavirus variant and worries about how the Fed will react to rising inflation. In fact, the S&amp;P 500 has rallied more than 90% since the pandemic-fueled sell-off in March 2020.<blockquote>尽管对德尔塔新冠病毒变异毒株扩散的经济影响感到担忧，并担心美联储将如何应对通胀上升，但美国股市仍保持弹性。事实上，自 2020 年 3 月疫情引发的抛售以来，标普500已上涨 90% 以上。</blockquote> September, however, has proven to be a tough month for financial markets, with major stock averages retreating for a third straight week. The month is also historically the weakest of the year for the stock market, averaging a 0.4% decline, according to the Stock Trader’s Almanac.<blockquote>然而，事实证明，9 月份对金融市场来说是一个艰难的月份，主要股票平均指数连续第三周下跌。根据《股票交易员年鉴》（The Stock Trader's Almanac）的数据，本月也是股市历史上最弱的月份，平均下跌了 0.4%。</blockquote> Some analysts said such a decline was due, and any hint of uncertainty may be enough to upset Wall Street as stocks have continued to march higher since October 2020.<blockquote>一些分析师表示，这样的下跌是理所当然的，任何不确定性的暗示都可能足以让华尔街感到不安，因为自 2020 年 10 月以来，股市持续走高。</blockquote> The S&amp;P 500, for instance, hasn’t had a 5% drop from a peak since October, and the nearly unstoppable rise has left stocks looking more expensive and with less room for error.<blockquote>例如，标普500自 10 月份以来从未从峰值下跌过 5%，而几乎不可阻挡的上涨使得股市看起来更加昂贵，出错的空间也更小。</blockquote> The stock market typically sees about three 5%-plus falls a year on average. That makes the market more vulnerable in the near term following some signs of investor complacency, analysts say.<blockquote>股市平均每年下跌约三次 5% 以上。分析师表示，在出现一些投资者自满的迹象后，这使得市场在短期内更加脆弱。</blockquote> Heading into Wednesday, the S&amp;P 500 was about 4% below its record high set on Sept. 2. Both the Dow and the Nasdaq were 4.8% and 4% from their respective all-time highs.<blockquote>截至周三，标普500比 9 月 2 日创下的历史高点低约 4%。道琼斯指数和纳斯达克指数均较各自的历史高点下跌 4.8% 和 4%。</blockquote> “This kind of a pullback is normal behavior for markets on bad news and therefore a rational response to real but contained risks. As crashes go, this could be much worse,” Brad McMillan, chief investment officer at investment adviser Commonwealth Financial Network, said in a note to clients.<blockquote>“投资顾问公司联邦金融网络（Commonwealth Financial Network）首席投资官布拉德-麦克米兰（Brad McMillan）在给客户的一份报告中说：”这种回调是市场在坏消息时的正常行为，因此也是对真实但有控制风险的理性反应。随着崩盘的发生，情况可能会更糟。</blockquote> Market pullbacks provide a buying opportunity, experts say<blockquote>专家表示，市场回调提供了买入机会</blockquote> Heading into this week, about 68% of investors thought there would be at least a 5% correction in stock markets before year-end, according to a recent Deutsche Bank survey.<blockquote>根据德意志银行最近的一项调查，进入本周，约 68% 的投资者认为年底前股市至少会出现 5% 的调整。</blockquote> Through Sept. 2 when the S&amp;P 500 last hit a record high, it had been 293 calendar days since the broad stock average had gone without a drop of 5% or more, according to investment research firm CFRA. That bucks a historical trend. Since World War II, the average is 178 calendar days.<blockquote>投资研究公司 CFRA 的数据显示，截至 9 月 2 日标普500上次创下历史新高时，已经有 293 个日历日没有下跌 5% 或以上。这与历史趋势背道而驰。自第二次世界大战以来，平均是178个日历日。</blockquote> Though any weakness could present an opportunity for investors to scoop up more stocks at lower prices, or investors could at least hold steady in their retirement accounts, money managers and personal finance experts say.<blockquote>基金经理和个人理财专家表示，尽管任何疲软都可能为投资者提供以较低价格买入更多股票的机会，或者投资者至少可以保持稳定的退休账户。</blockquote> “It’s normal for the market to encounter downturns — dips, corrections and crashes — but with time it will rebound,” Tiffany Lam-Balfour, investing spokesperson at personal finance site NerdWallet, said in a note. “Even though it might be hard, sitting tight and trying not to panic will keep you from making any rash decisions you might regret later on.”<blockquote>“个人理财网站 NerdWallet 的投资发言人蒂芙尼-林-贝尔福（Tiffany Lam-Balfour）在一份报告中说：”市场遇到低迷--下跌、调整和崩盘--是正常的，但随着时间的推移，市场会反弹。“尽管这可能很难，但保持冷静，尽量不要惊慌，这样你就不会做出任何草率的决定，以免日后后悔。”</blockquote> With investments, the golden rule is “buy low, sell high,” Lam-Balfour explained. So for those investors who have extra cash lying around, it’s actually a great opportunity to consider scooping up shares at cheaper prices, she added.<blockquote>Lam-Balfour 解释说，投资的黄金法则是 “低买高卖”。她补充说，因此，对于那些手头有多余现金的投资者来说，这实际上是一个考虑以更便宜的价格买入股票的好机会。</blockquote> Last week, analysts at Goldman Sachs forecast that the S&amp;P 500 would end 2021 at 4,700, or a nearly 8% rise from Tuesday’s close. And the market is expected to continue to grind higher next year. The bank expects the S&amp;P 500 will end at 4,900 in 2022.<blockquote>上周，高盛分析师预测，2021 年底标普500将达到 4700 点，比周二收盘价上涨近 8%。预计明年市场将继续走高。该银行预计 2022 年标普500将达到 4,900 人。</blockquote> Signs of weakness have lurked, but you shouldn't worry.<blockquote>软弱的迹象已经潜伏，但你不应该担心。</blockquote> Still, a shift has taken place beneath the stock market's surface in recent months, and that means the all-time highs in stocks might be in jeopardy, analysts say.<blockquote>尽管如此，分析师表示，近几个月来股市表面之下发生了转变，这意味着股市的历史高点可能面临危险。</blockquote> Wall Street watchers point to this concern: Fewer stocks are part of the market rally, a trend that is often viewed as a warning sign for investors.<blockquote>华尔街观察人士指出了这种担忧：参与市场反弹的股票越来越少，这一趋势通常被视为投资者的警告信号。</blockquote> So why should you care? In general, market breadth, or how many stocks are participating in the rally, has deteriorated recently, which could signal a pessimistic shift in investor attitudes after they remained largely optimistic in the market boom this year.<blockquote>那你为什么要在乎呢？总体而言，市场广度或参与反弹的股票数量最近有所恶化，这可能表明投资者在对今年的市场繁荣基本保持乐观之后，态度发生了悲观的转变。</blockquote> Nearly 30% of stocks in the index have already moved below their 200-day average, according to Willie Delwiche, investment strategist at market research firm All Star Charts. The 200-day moving average steps back and signals how things look from higher up.<blockquote>市场研究公司 All Star Charts 的投资策略师 Willie Delwiche 表示，该指数中近 30% 的股票已经跌破 200 天平均水平。200 日移动平均线向后移动，表明从更高的角度来看情况。</blockquote> The Evergrande situation wasn’t the primary reason for Monday’s sell-off as several other worries have been lurking underneath the stock market’s surface for months, analysts say.<blockquote>分析师说，恒大的情况并不是周一抛售的主要原因，因为几个月来，股市表面之下还潜伏着其他几个担忧。</blockquote> “The Evergrande news is probably the trigger, but not the cause, of the small pullback we have seen,” McMillan of Commonwealth Financial Network said in a note. “Markets have been unusually steady in recent months, and a pullback was overdue.”<blockquote>“联邦金融网络（Commonwealth Financial Network）的麦克米伦（McMillan）在一份报告中说：”恒大的消息可能是我们所看到的小幅回调的导火索，但不是原因。“近几个月来，市场异常稳定，早就应该回调了。”</blockquote> On Monday, the S&amp;P 500 closed below its 50-day moving average, a shorter-term gauge which calculates the average price of stocks over that stretch, for the second consecutive day, breaking a streak that had held for the duration of 2021 and was the longest since a streak that ended in 1996, according to LPL Financial.<blockquote>周一，标普500连续第二天收盘低于 50 天移动平均线（一种计算该时期股票平均价格的短期指标），打破了 2021 年的连败纪录，并且是自 LPL Financial 以来最长的连败纪录。</blockquote> But this streak was rare and the dip was bound to happen because it isn’t sustainable for the S&amp;P 500 to stay above such a short-term moving average for a long period of time, according to Detrick of LPL Financial. He argues that the ability for the broad index to hold above that threshold for as long as it did is actually a sign of strength.<blockquote>但 LPL Financial 的 Detrick 认为，这种连胜是罕见的，而且下跌是必然的，因为标普500长期保持在这样的短期移动平均线之上是不可持续的。他认为，综合指数能够长时间保持在该阈值之上，实际上是实力的标志。</blockquote> He also doesn’t foresee that the issues with Evergrande or potential upcoming changes to the Fed’s policy are likely to derail the bull market, which is now in its second year after stocks bottomed in March 2020 during the pandemic-fueled selloff.<blockquote>他也不预见恒大的问题或美联储即将做出的政策变化可能会破坏牛市，牛市在 2020 年 3 月大流行病引发的抛售中触底后，牛市已进入第二年。</blockquote> “We’ve warned a pullback may be coming,” Detrick said in a note to clients. “However, the fact is that most years experience more volatility than we have seen so far in 2021, and we would likely view a further pullback as a buying opportunity going into the fourth quarter.”<blockquote>“德特里克在给客户的一份说明中说：”我们已经警告过，回调可能即将到来。“然而，事实是，大多数年份的波动性都比 2021 年迄今为止更大，我们很可能会将进一步回调视为进入第四季度的买入机会。”</blockquote> McMillan agrees, adding that he thinks it’s “extremely unlikely” that Evergrande approaching bankruptcy would disrupt the global economy since the Chinese financial system and the rest of the world are much less integrated than the developed world was in 2008, he explained.<blockquote>麦克米兰对此表示赞同，并补充说，他认为恒大濒临破产 “极不可能 ”扰乱全球经济，因为中国金融体系和世界其他地区的一体化程度远低于 2008 年的发达国家。</blockquote> “Hurricanes can do damage, but for U.S. investors, right now this looks like a hurricane on the other side of the world—scary and damaging, but not a significant threat to us,” McMillan added. “As always, pay attention, but keep calm and carry on.”<blockquote>“麦克米伦补充说：”飓风会造成破坏，但对美国投资者来说，现在这看起来就像地球另一端的飓风--可怕且具有破坏性，但对我们来说并不构成重大威胁。“一如既往，请注意，但要保持冷静，继续前进。”</blockquote>","source":"lsy1632311862982","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Don’t fret over a market downturn: Here’s what the final months of 2021 could look like for your retirement investments<blockquote>不要担心市场低迷： 2021 年最后几个月您的退休投资可能会是什么样子</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDon’t fret over a market downturn: Here’s what the final months of 2021 could look like for your retirement investments<blockquote>不要担心市场低迷： 2021 年最后几个月您的退休投资可能会是什么样子</blockquote>\n</h2>\n<h4 class=\"meta\">\n\nUS today2021-09-22 19:57\n\n</h4>\n</header>\n<article>\nFinancial markets are suddenly turbulent again.<blockquote>金融市场突然再次动荡。</blockquote> Following a brief but devastating crash in March 2020, stocks and other investments had glided ever higher and touched new records, seemingly impervious to an endless stream of bad news about COVID and a historic wave of unemployment during the pandemic fueled recession. If you checked your 401(1) or your Robinhood account during that time, many investors saw a bigger net balance.<blockquote>在 2020 年 3 月经历了一场短暂但毁灭性的崩盘后，股票和其他投资不断走高并创下新纪录，似乎没有受到有关 COVID 的无休止的坏消息和疫情引发的经济衰退期间历史性失业浪潮的影响。如果您在此期间检查您的 401(1) 或 Robinhood 账户，许多投资者会看到更大的净余额。</blockquote> That is, until this month.<blockquote>也就是直到这个月。</blockquote> Global financial markets have wavered in recent weeks, slumping across the board Monday in what was one of the worst days of the year. An array of concerns about the global economy converged to drag down stocks, and some Wall Street experts worry it may upend Wall Street’s streak of gains.<blockquote>全球金融市场最近几周波动不定，周一全面暴跌，这是今年最糟糕的一天之一。对全球经济的一系列担忧共同拖累了股市，一些华尔街专家担心这可能会颠覆华尔街的连胜势头。</blockquote> At one point on Monday, the blue-chip Dow Jones industrial average dropped by as many as 972 points before closing down 614 points. Investors worried about the pace of global growth, possible damage to markets from indebted real-estate developers in China and fears about Federal Reserve policies that could emerge from the central bank's meeting this week.<blockquote>周一，蓝筹股道琼斯工业平均指数一度下跌972点，收盘下跌614点。投资者担心全球增长速度、中国负债的房地产开发商可能对市场造成的损害，以及对美联储本周会议可能出现的政策的担忧。</blockquote> So does this mean trouble for your nest egg? Don’t freak out just yet, experts say.<blockquote>那么这对你的储蓄来说意味着麻烦吗？专家说，先别惊慌。</blockquote> Here's what the stock market is signaling about the rest of the year.<blockquote>以下是股市对今年剩余时间的信号。</blockquote> What's caused stock market volatility?<blockquote>是什么导致了股市波动？</blockquote> While there are whispers of a Lehman Brothers-like crisis brewing overseas, most financial experts said those troubles appear contained.<blockquote>尽管有传言称海外正在酝酿类似雷曼兄弟的危机，但大多数金融专家表示，这些麻烦似乎得到了控制。</blockquote> Those fears are part of a series of factors that have weighed on investors in recent weeks, putting the S&amp;P 500 -- the benchmark used for most mutual funds -- on track for its first monthly decline since January. Cryptocurrencies also came under further pressure Monday, with bitcoin, the world’s most popular digital currency, slumping by more than 7%.<blockquote>这些担忧是最近几周给投资者带来压力的一系列因素的一部分，这使得大多数共同基金使用的基准标普500有望出现自一月份以来的首次月度下跌。周一，加密货币也进一步承压，全球最受欢迎的数字货币比特币暴跌超过 7%。</blockquote> Worries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — have rippled across global markets. Those concerns have centered on Evergrande, one of China’s biggest real estate developers, which looks like it may be unable to repay its debts.<blockquote>对负债累累的中国房地产开发商的担忧——以及如果它们违约可能对全球投资者造成的损害——波及全球市场。这些担忧集中在中国最大的房地产开发商之一恒大身上，该公司看起来可能无力偿还债务。</blockquote> The fear is that Evergrande could collapse, causing a chain reaction through the Chinese property-development industry that spills over into the broader financial system, similar to how the failure of Lehman Brothers inflamed the 2008 financial crisis and Great Recession. Those Chinese property companies have been big drivers of that nation's economy, which is the world’s second-largest.<blockquote>人们担心恒大可能会倒闭，引发整个中国房地产开发行业的连锁反应，并蔓延到更广泛的金融体系，类似于雷曼兄弟的倒闭引发2008年金融危机和大衰退的方式。这些中国房地产公司一直是中国经济的重要推动力，中国是世界第二大经济体。</blockquote> But analysts expect China’s government to prevent such a scenario, avoiding a Lehman-type moment, they said. For example, China’s short-term debt markets, also known as money markets, aren’t showing any worrisome signs of broader problems, according to Ryan Detrick, chief market strategist at LPL Financial. In a note to clients, he said these markets tend to be the canary in the coal mine and that the fallout appears to be fairly contained as of now.<blockquote>但分析人士表示，他们预计中国政府将防止这种情况发生，避免出现雷曼兄弟式的时刻。例如，LPL Financial 首席市场策略师 Ryan Detrick 认为，中国的短期债务市场（也称为货币市场）并没有显示出任何令人担忧的更广泛问题迹象。他在给客户的一份报告中表示，这些市场往往是煤矿中的金丝雀，到目前为止，影响似乎得到了相当大的控制。</blockquote> “Short-term funding markets are acting just fine in China thus far,\" Detrick wrote. \"Remember, it was the money markets in the U.S. that first started to show cracks in the system in early 2008, well before the wheels fell off.”<blockquote>“德特里克写道：”到目前为止，中国的短期融资市场表现还算不错。“请记住，早在2008年初，美国的货币市场就开始出现体系的裂缝，远在车轮脱落之前。”</blockquote> Investors are also concerned that the Fed, which is due to deliver its latest economic and interest rate policy update on Wednesday, may signal Wednesday that it’s planning to pull back some of the support measures it provided markets and the economy.<blockquote>投资者还担心，美联储将于周三发布最新的经济和利率政策更新，美联储可能会在周三发出信号，表示计划撤回其为市场和经济提供的一些支持措施。</blockquote> A potential rise in interest rates has implications for the stock market and could make shares of companies with relatively high prices less attractive. Those types of stocks tend to be technology companies that are priced typically for growth and not for a steady return of dividends like consumer staples, utilities and real estate companies.<blockquote>利率的潜在上升会对股市产生影响，并可能降低价格相对较高的公司股票的吸引力。这些类型的股票往往是科技公司，其定价通常是为了增长，而不是像消费品、公用事业和房地产公司那样为了稳定的股息回报。</blockquote> In addition to Fed fears, the COVID-19 pandemic continues to weigh on the global economy. Congress also faces a looming deadline at the end of the month before the government may shut down.<blockquote>除了美联储的担忧之外，新冠肺炎疫情继续给全球经济带来压力。在政府关门之前，国会还面临着迫在眉睫的最后期限。</blockquote> Despite concerns that Americans may reign in their spending following supply shortages and a flare-up of COVID-19 infections fueled by the delta variant, purchasing power has remained strong. That could help mitigate expectations for a slowdown in economic growth in the third quarter, as consumer spending accounts for more than two-thirds of U.S. economy activity.<blockquote>尽管人们担心美国人可能会在供应短缺和德尔塔变异毒株引发的 COVID-19 感染爆发后控制支出，但购买力仍然强劲。这可能有助于缓解对第三季度经济增长放缓的预期，因为消费者支出占美国经济活动的三分之二以上。</blockquote> U.S. retail sales unexpectedly rose 0.7% in August, the Commerce Department said last week, helped by back-to-school shopping and additional stimulus through child tax credit payments from the IRS. Sales up 15.1% from the same period a year ago.<blockquote>美国商务部上周表示，得益于返校购物和国税局通过儿童税收抵免支付提供的额外刺激措施，美国 8 月份零售额意外增长 0.7%。销售额比去年同期增长15.1%。</blockquote> Consumer confidence has remained strong following a jump in personal income, which has helped the savings rate remain elevated. Last month, a separate report from the Commerce Department showed that incomes outpaced spending in July, with the personal savings rate climbing to 9.6%, up from 8.8% in June.<blockquote>随着个人收入的增长，消费者信心依然强劲，这有助于储蓄率保持在较高水平。上个月，商务部的另一份报告显示，7 月份收入超过支出，个人储蓄率从 6 月份的 8.8% 攀升至 9.6%。</blockquote> Stocks face bumpy road after record run, but are poised to march higher<blockquote>股市在创纪录上涨后面临坎坷之路，但有望走高</blockquote> The U.S. stock market has remained resilient despite concerns about the economic effects of the spread of the delta coronavirus variant and worries about how the Fed will react to rising inflation. In fact, the S&amp;P 500 has rallied more than 90% since the pandemic-fueled sell-off in March 2020.<blockquote>尽管对德尔塔新冠病毒变异毒株扩散的经济影响感到担忧，并担心美联储将如何应对通胀上升，但美国股市仍保持弹性。事实上，自 2020 年 3 月疫情引发的抛售以来，标普500已上涨 90% 以上。</blockquote> September, however, has proven to be a tough month for financial markets, with major stock averages retreating for a third straight week. The month is also historically the weakest of the year for the stock market, averaging a 0.4% decline, according to the Stock Trader’s Almanac.<blockquote>然而，事实证明，9 月份对金融市场来说是一个艰难的月份，主要股票平均指数连续第三周下跌。根据《股票交易员年鉴》（The Stock Trader's Almanac）的数据，本月也是股市历史上最弱的月份，平均下跌了 0.4%。</blockquote> Some analysts said such a decline was due, and any hint of uncertainty may be enough to upset Wall Street as stocks have continued to march higher since October 2020.<blockquote>一些分析师表示，这样的下跌是理所当然的，任何不确定性的暗示都可能足以让华尔街感到不安，因为自 2020 年 10 月以来，股市持续走高。</blockquote> The S&amp;P 500, for instance, hasn’t had a 5% drop from a peak since October, and the nearly unstoppable rise has left stocks looking more expensive and with less room for error.<blockquote>例如，标普500自 10 月份以来从未从峰值下跌过 5%，而几乎不可阻挡的上涨使得股市看起来更加昂贵，出错的空间也更小。</blockquote> The stock market typically sees about three 5%-plus falls a year on average. That makes the market more vulnerable in the near term following some signs of investor complacency, analysts say.<blockquote>股市平均每年下跌约三次 5% 以上。分析师表示，在出现一些投资者自满的迹象后，这使得市场在短期内更加脆弱。</blockquote> Heading into Wednesday, the S&amp;P 500 was about 4% below its record high set on Sept. 2. Both the Dow and the Nasdaq were 4.8% and 4% from their respective all-time highs.<blockquote>截至周三，标普500比 9 月 2 日创下的历史高点低约 4%。道琼斯指数和纳斯达克指数均较各自的历史高点下跌 4.8% 和 4%。</blockquote> “This kind of a pullback is normal behavior for markets on bad news and therefore a rational response to real but contained risks. As crashes go, this could be much worse,” Brad McMillan, chief investment officer at investment adviser Commonwealth Financial Network, said in a note to clients.<blockquote>“投资顾问公司联邦金融网络（Commonwealth Financial Network）首席投资官布拉德-麦克米兰（Brad McMillan）在给客户的一份报告中说：”这种回调是市场在坏消息时的正常行为，因此也是对真实但有控制风险的理性反应。随着崩盘的发生，情况可能会更糟。</blockquote> Market pullbacks provide a buying opportunity, experts say<blockquote>专家表示，市场回调提供了买入机会</blockquote> Heading into this week, about 68% of investors thought there would be at least a 5% correction in stock markets before year-end, according to a recent Deutsche Bank survey.<blockquote>根据德意志银行最近的一项调查，进入本周，约 68% 的投资者认为年底前股市至少会出现 5% 的调整。</blockquote> Through Sept. 2 when the S&amp;P 500 last hit a record high, it had been 293 calendar days since the broad stock average had gone without a drop of 5% or more, according to investment research firm CFRA. That bucks a historical trend. Since World War II, the average is 178 calendar days.<blockquote>投资研究公司 CFRA 的数据显示，截至 9 月 2 日标普500上次创下历史新高时，已经有 293 个日历日没有下跌 5% 或以上。这与历史趋势背道而驰。自第二次世界大战以来，平均是178个日历日。</blockquote> Though any weakness could present an opportunity for investors to scoop up more stocks at lower prices, or investors could at least hold steady in their retirement accounts, money managers and personal finance experts say.<blockquote>基金经理和个人理财专家表示，尽管任何疲软都可能为投资者提供以较低价格买入更多股票的机会，或者投资者至少可以保持稳定的退休账户。</blockquote> “It’s normal for the market to encounter downturns — dips, corrections and crashes — but with time it will rebound,” Tiffany Lam-Balfour, investing spokesperson at personal finance site NerdWallet, said in a note. “Even though it might be hard, sitting tight and trying not to panic will keep you from making any rash decisions you might regret later on.”<blockquote>“个人理财网站 NerdWallet 的投资发言人蒂芙尼-林-贝尔福（Tiffany Lam-Balfour）在一份报告中说：”市场遇到低迷--下跌、调整和崩盘--是正常的，但随着时间的推移，市场会反弹。“尽管这可能很难，但保持冷静，尽量不要惊慌，这样你就不会做出任何草率的决定，以免日后后悔。”</blockquote> With investments, the golden rule is “buy low, sell high,” Lam-Balfour explained. So for those investors who have extra cash lying around, it’s actually a great opportunity to consider scooping up shares at cheaper prices, she added.<blockquote>Lam-Balfour 解释说，投资的黄金法则是 “低买高卖”。她补充说，因此，对于那些手头有多余现金的投资者来说，这实际上是一个考虑以更便宜的价格买入股票的好机会。</blockquote> Last week, analysts at Goldman Sachs forecast that the S&amp;P 500 would end 2021 at 4,700, or a nearly 8% rise from Tuesday’s close. And the market is expected to continue to grind higher next year. The bank expects the S&amp;P 500 will end at 4,900 in 2022.<blockquote>上周，高盛分析师预测，2021 年底标普500将达到 4700 点，比周二收盘价上涨近 8%。预计明年市场将继续走高。该银行预计 2022 年标普500将达到 4,900 人。</blockquote> Signs of weakness have lurked, but you shouldn't worry.<blockquote>软弱的迹象已经潜伏，但你不应该担心。</blockquote> Still, a shift has taken place beneath the stock market's surface in recent months, and that means the all-time highs in stocks might be in jeopardy, analysts say.<blockquote>尽管如此，分析师表示，近几个月来股市表面之下发生了转变，这意味着股市的历史高点可能面临危险。</blockquote> Wall Street watchers point to this concern: Fewer stocks are part of the market rally, a trend that is often viewed as a warning sign for investors.<blockquote>华尔街观察人士指出了这种担忧：参与市场反弹的股票越来越少，这一趋势通常被视为投资者的警告信号。</blockquote> So why should you care? In general, market breadth, or how many stocks are participating in the rally, has deteriorated recently, which could signal a pessimistic shift in investor attitudes after they remained largely optimistic in the market boom this year.<blockquote>那你为什么要在乎呢？总体而言，市场广度或参与反弹的股票数量最近有所恶化，这可能表明投资者在对今年的市场繁荣基本保持乐观之后，态度发生了悲观的转变。</blockquote> Nearly 30% of stocks in the index have already moved below their 200-day average, according to Willie Delwiche, investment strategist at market research firm All Star Charts. The 200-day moving average steps back and signals how things look from higher up.<blockquote>市场研究公司 All Star Charts 的投资策略师 Willie Delwiche 表示，该指数中近 30% 的股票已经跌破 200 天平均水平。200 日移动平均线向后移动，表明从更高的角度来看情况。</blockquote> The Evergrande situation wasn’t the primary reason for Monday’s sell-off as several other worries have been lurking underneath the stock market’s surface for months, analysts say.<blockquote>分析师说，恒大的情况并不是周一抛售的主要原因，因为几个月来，股市表面之下还潜伏着其他几个担忧。</blockquote> “The Evergrande news is probably the trigger, but not the cause, of the small pullback we have seen,” McMillan of Commonwealth Financial Network said in a note. “Markets have been unusually steady in recent months, and a pullback was overdue.”<blockquote>“联邦金融网络（Commonwealth Financial Network）的麦克米伦（McMillan）在一份报告中说：”恒大的消息可能是我们所看到的小幅回调的导火索，但不是原因。“近几个月来，市场异常稳定，早就应该回调了。”</blockquote> On Monday, the S&amp;P 500 closed below its 50-day moving average, a shorter-term gauge which calculates the average price of stocks over that stretch, for the second consecutive day, breaking a streak that had held for the duration of 2021 and was the longest since a streak that ended in 1996, according to LPL Financial.<blockquote>周一，标普500连续第二天收盘低于 50 天移动平均线（一种计算该时期股票平均价格的短期指标），打破了 2021 年的连败纪录，并且是自 LPL Financial 以来最长的连败纪录。</blockquote> But this streak was rare and the dip was bound to happen because it isn’t sustainable for the S&amp;P 500 to stay above such a short-term moving average for a long period of time, according to Detrick of LPL Financial. He argues that the ability for the broad index to hold above that threshold for as long as it did is actually a sign of strength.<blockquote>但 LPL Financial 的 Detrick 认为，这种连胜是罕见的，而且下跌是必然的，因为标普500长期保持在这样的短期移动平均线之上是不可持续的。他认为，综合指数能够长时间保持在该阈值之上，实际上是实力的标志。</blockquote> He also doesn’t foresee that the issues with Evergrande or potential upcoming changes to the Fed’s policy are likely to derail the bull market, which is now in its second year after stocks bottomed in March 2020 during the pandemic-fueled selloff.<blockquote>他也不预见恒大的问题或美联储即将做出的政策变化可能会破坏牛市，牛市在 2020 年 3 月大流行病引发的抛售中触底后，牛市已进入第二年。</blockquote> “We’ve warned a pullback may be coming,” Detrick said in a note to clients. “However, the fact is that most years experience more volatility than we have seen so far in 2021, and we would likely view a further pullback as a buying opportunity going into the fourth quarter.”<blockquote>“德特里克在给客户的一份说明中说：”我们已经警告过，回调可能即将到来。“然而，事实是，大多数年份的波动性都比 2021 年迄今为止更大，我们很可能会将进一步回调视为进入第四季度的买入机会。”</blockquote> McMillan agrees, adding that he thinks it’s “extremely unlikely” that Evergrande approaching bankruptcy would disrupt the global economy since the Chinese financial system and the rest of the world are much less integrated than the developed world was in 2008, he explained.<blockquote>麦克米兰对此表示赞同，并补充说，他认为恒大濒临破产 “极不可能 ”扰乱全球经济，因为中国金融体系和世界其他地区的一体化程度远低于 2008 年的发达国家。</blockquote> “Hurricanes can do damage, but for U.S. investors, right now this looks like a hurricane on the other side of the world—scary and damaging, but not a significant threat to us,” McMillan added. “As always, pay attention, but keep calm and carry on.”<blockquote>“麦克米伦补充说：”飓风会造成破坏，但对美国投资者来说，现在这看起来就像地球另一端的飓风--可怕且具有破坏性，但对我们来说并不构成重大威胁。“一如既往，请注意，但要保持冷静，继续前进。”</blockquote>\n<div class=\"bt-text\">\n\n\n 来源：<a href=\"https://finance.yahoo.com/news/don-t-fret-over-market-090157109.html\">US today</a>\n为提升您的阅读体验，我们对本页面进行了排版优化\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/don-t-fret-over-market-090157109.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193835698","content_text":"Financial markets are suddenly turbulent again.\nFollowing a brief but devastating crash in March 2020, stocks and other investments had glided ever higher and touched new records, seemingly impervious to an endless stream of bad news about COVID and a historic wave of unemployment during the pandemic fueled recession. If you checked your 401(1) or your Robinhood account during that time, many investors saw a bigger net balance.\nThat is, until this month.\nGlobal financial markets have wavered in recent weeks, slumping across the board Monday in what was one of the worst days of the year. An array of concerns about the global economy converged to drag down stocks, and some Wall Street experts worry it may upend Wall Street’s streak of gains.\nAt one point on Monday, the blue-chip Dow Jones industrial average dropped by as many as 972 points before closing down 614 points. Investors worried about the pace of global growth, possible damage to markets from indebted real-estate developers in China and fears about Federal Reserve policies that could emerge from the central bank's meeting this week.\nSo does this mean trouble for your nest egg? Don’t freak out just yet, experts say.\nHere's what the stock market is signaling about the rest of the year.\nWhat's caused stock market volatility?\nWhile there are whispers of a Lehman Brothers-like crisis brewing overseas, most financial experts said those troubles appear contained.\nThose fears are part of a series of factors that have weighed on investors in recent weeks, putting the S&P 500 -- the benchmark used for most mutual funds -- on track for its first monthly decline since January. Cryptocurrencies also came under further pressure Monday, with bitcoin, the world’s most popular digital currency, slumping by more than 7%.\nWorries about debt-engorged Chinese property developers — and the damage they could do to investors worldwide if they default — have rippled across global markets. Those concerns have centered on Evergrande, one of China’s biggest real estate developers, which looks like it may be unable to repay its debts.\nThe fear is that Evergrande could collapse, causing a chain reaction through the Chinese property-development industry that spills over into the broader financial system, similar to how the failure of Lehman Brothers inflamed the 2008 financial crisis and Great Recession. Those Chinese property companies have been big drivers of that nation's economy, which is the world’s second-largest.\nBut analysts expect China’s government to prevent such a scenario, avoiding a Lehman-type moment, they said. For example, China’s short-term debt markets, also known as money markets, aren’t showing any worrisome signs of broader problems, according to Ryan Detrick, chief market strategist at LPL Financial. In a note to clients, he said these markets tend to be the canary in the coal mine and that the fallout appears to be fairly contained as of now.\n“Short-term funding markets are acting just fine in China thus far,\" Detrick wrote. \"Remember, it was the money markets in the U.S. that first started to show cracks in the system in early 2008, well before the wheels fell off.”\nInvestors are also concerned that the Fed, which is due to deliver its latest economic and interest rate policy update on Wednesday, may signal Wednesday that it’s planning to pull back some of the support measures it provided markets and the economy.\nA potential rise in interest rates has implications for the stock market and could make shares of companies with relatively high prices less attractive. Those types of stocks tend to be technology companies that are priced typically for growth and not for a steady return of dividends like consumer staples, utilities and real estate companies.\nIn addition to Fed fears, the COVID-19 pandemic continues to weigh on the global economy. Congress also faces a looming deadline at the end of the month before the government may shut down.\nDespite concerns that Americans may reign in their spending following supply shortages and a flare-up of COVID-19 infections fueled by the delta variant, purchasing power has remained strong. That could help mitigate expectations for a slowdown in economic growth in the third quarter, as consumer spending accounts for more than two-thirds of U.S. economy activity.\nU.S. retail sales unexpectedly rose 0.7% in August, the Commerce Department said last week, helped by back-to-school shopping and additional stimulus through child tax credit payments from the IRS. Sales up 15.1% from the same period a year ago.\nConsumer confidence has remained strong following a jump in personal income, which has helped the savings rate remain elevated. Last month, a separate report from the Commerce Department showed that incomes outpaced spending in July, with the personal savings rate climbing to 9.6%, up from 8.8% in June.\nStocks face bumpy road after record run, but are poised to march higher\nThe U.S. stock market has remained resilient despite concerns about the economic effects of the spread of the delta coronavirus variant and worries about how the Fed will react to rising inflation. In fact, the S&P 500 has rallied more than 90% since the pandemic-fueled sell-off in March 2020.\nSeptember, however, has proven to be a tough month for financial markets, with major stock averages retreating for a third straight week. The month is also historically the weakest of the year for the stock market, averaging a 0.4% decline, according to the Stock Trader’s Almanac.\nSome analysts said such a decline was due, and any hint of uncertainty may be enough to upset Wall Street as stocks have continued to march higher since October 2020.\nThe S&P 500, for instance, hasn’t had a 5% drop from a peak since October, and the nearly unstoppable rise has left stocks looking more expensive and with less room for error.\nThe stock market typically sees about three 5%-plus falls a year on average. That makes the market more vulnerable in the near term following some signs of investor complacency, analysts say.\nHeading into Wednesday, the S&P 500 was about 4% below its record high set on Sept. 2. Both the Dow and the Nasdaq were 4.8% and 4% from their respective all-time highs.\n“This kind of a pullback is normal behavior for markets on bad news and therefore a rational response to real but contained risks. As crashes go, this could be much worse,” Brad McMillan, chief investment officer at investment adviser Commonwealth Financial Network, said in a note to clients.\nMarket pullbacks provide a buying opportunity, experts say\nHeading into this week, about 68% of investors thought there would be at least a 5% correction in stock markets before year-end, according to a recent Deutsche Bank survey.\nThrough Sept. 2 when the S&P 500 last hit a record high, it had been 293 calendar days since the broad stock average had gone without a drop of 5% or more, according to investment research firm CFRA. That bucks a historical trend. Since World War II, the average is 178 calendar days.\nThough any weakness could present an opportunity for investors to scoop up more stocks at lower prices, or investors could at least hold steady in their retirement accounts, money managers and personal finance experts say.\n“It’s normal for the market to encounter downturns — dips, corrections and crashes — but with time it will rebound,” Tiffany Lam-Balfour, investing spokesperson at personal finance site NerdWallet, said in a note. “Even though it might be hard, sitting tight and trying not to panic will keep you from making any rash decisions you might regret later on.”\nWith investments, the golden rule is “buy low, sell high,” Lam-Balfour explained. So for those investors who have extra cash lying around, it’s actually a great opportunity to consider scooping up shares at cheaper prices, she added.\nLast week, analysts at Goldman Sachs forecast that the S&P 500 would end 2021 at 4,700, or a nearly 8% rise from Tuesday’s close. And the market is expected to continue to grind higher next year. The bank expects the S&P 500 will end at 4,900 in 2022.\nSigns of weakness have lurked, but you shouldn't worry.\nStill, a shift has taken place beneath the stock market's surface in recent months, and that means the all-time highs in stocks might be in jeopardy, analysts say.\nWall Street watchers point to this concern: Fewer stocks are part of the market rally, a trend that is often viewed as a warning sign for investors.\nSo why should you care? In general, market breadth, or how many stocks are participating in the rally, has deteriorated recently, which could signal a pessimistic shift in investor attitudes after they remained largely optimistic in the market boom this year.\nNearly 30% of stocks in the index have already moved below their 200-day average, according to Willie Delwiche, investment strategist at market research firm All Star Charts. The 200-day moving average steps back and signals how things look from higher up.\nThe Evergrande situation wasn’t the primary reason for Monday’s sell-off as several other worries have been lurking underneath the stock market’s surface for months, analysts say.\n“The Evergrande news is probably the trigger, but not the cause, of the small pullback we have seen,” McMillan of Commonwealth Financial Network said in a note. “Markets have been unusually steady in recent months, and a pullback was overdue.”\nOn Monday, the S&P 500 closed below its 50-day moving average, a shorter-term gauge which calculates the average price of stocks over that stretch, for the second consecutive day, breaking a streak that had held for the duration of 2021 and was the longest since a streak that ended in 1996, according to LPL Financial.\nBut this streak was rare and the dip was bound to happen because it isn’t sustainable for the S&P 500 to stay above such a short-term moving average for a long period of time, according to Detrick of LPL Financial. He argues that the ability for the broad index to hold above that threshold for as long as it did is actually a sign of strength.\nHe also doesn’t foresee that the issues with Evergrande or potential upcoming changes to the Fed’s policy are likely to derail the bull market, which is now in its second year after stocks bottomed in March 2020 during the pandemic-fueled selloff.\n“We’ve warned a pullback may be coming,” Detrick said in a note to clients. “However, the fact is that most years experience more volatility than we have seen so far in 2021, and we would likely view a further pullback as a buying opportunity going into the fourth quarter.”\nMcMillan agrees, adding that he thinks it’s “extremely unlikely” that Evergrande approaching bankruptcy would disrupt the global economy since the Chinese financial system and the rest of the world are much less integrated than the developed world was in 2008, he explained.\n“Hurricanes can do damage, but for U.S. investors, right now this looks like a hurricane on the other side of the world—scary and damaging, but not a significant threat to us,” McMillan added. “As always, pay attention, but keep calm and carry on.”","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":819,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/869496611"}