The S&P 500 index is facing a correction for the first time since 2020. The correction is a term for marking a decline of 10% or more from a recent high mark. The most recent high was January 3rd and as of Tuesday's closing, the index was down 10.25%.
Cause or cure? A contributing factor to the drop could be attributed to rising interest rates. High interest rates tend to weigh on shares of high-growth companies by eroding the value of future earnings more than the value of earnings made in the short term.
Telling it like it is - The stock market is like teeth, most folks ignore them until they start aching.