Wall Street’s mood ring is stuck on the darkest shade of panic. The CNN Fear & Greed Index stands at 8 – Extreme Fear – as the S&P 500 trades below its 125-day moving average. Oil prices have topped $100 a barrel amid geopolitical strains. Recession worries dominate headlines.
So what does this rare single-digit dip mean for your portfolio? Let’s break it down with the numbers that matter.
This post originally appeared at Money Morning.