{ "media_type": "text", "post_content": "401K and stock portfolio is in the red. 🫤\n\nYesterday, the stock market imploded like an already peeved person who was told to “calm down.” The Dow posted its biggest one-day drop since 2020, and just eight companies in the S&P 500 closed higher. The dramatic sell-off was sparked by Target’s earnings, which showed that soaring costs are putting the squeeze on margins (it didn’t help that Walmart said the same thing the day before). Target’s stock suffered its worst drop since 1987.", "post_id": "62864c0209a9ff00284df190", "reply_count": 8, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

401K and stock portfolio is in the red. 🫤

Yesterday, the stock market imploded like an already peeved person who was told to “calm down.” The Dow posted its biggest one-day drop since 2020, and just eight companies in the S&P 500 closed higher. The dramatic sell-off was sparked by Target’s earnings, which showed that soaring costs are putting the squeeze on margins (it didn’t help that Walmart said the same thing the day before). Target’s stock suffered its worst drop since 1987.

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Whew. I wasn’t sure where to go to find this info.

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yup, you can just go ahead and cancel your WSJ subscription now

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Did you copy and paste this from somewhere lmao

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Yup, morning brew newsletter had this exact snippet.

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Get out of here, no way! This is definitely breaking news to me 😂
Relax OP, there is nothing we can do other than watch your discretionary spend, keep a little extra in savings, and remember that time in the market > timing the market.

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Did you copy this from somewhere or are you trying out your financial blogging skills on us first?

Will "Financial Insights from Principal Consultant" have an annual subscription rack rate of more or less than $20k for such hard hitting insights?

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Haven’t checked my 401k in three years. I won’t look at it until I leave this job

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