Inside TradeSmith

September 2024

August 2024

How to Protect Your Profits from a Market Correction

August 6, 2024Mike Burnick

Over three straight weeks of losses, the S&P 500 Index shed 5.7% of its value through the end of last week. As you can probably imagine, I was good and ready for an adult beverage (or two) when the closing bell rang last Friday afternoon. Then Monday morning, bright and early as I was prepping for the week ahead over morning coffee, I saw S&P 500 futures plunge more than 200 points, indicating stocks dropping another 4%-plus at the open.

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