Markets experienced significant declines last week. The S&P 500 lost 5.95%, the Dow dropped 5.66%, and the NASDAQ declined 6.54%.[1] With these losses, all 3 domestic indexes had their worst weekly performance in more than 2 years.
Remain Calm, we have been expecting this for a while now.
The markets have begun their corrective move last week, ending the week over 1000 points down from their high. According to Jurrien Timmer on Bloomberg, the move down was focused on the Bond Market and its increasing turmoil.