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Should We Be Worried About the Stock Market Crash?
Let’s talk about the stock market and where we’re at with that. There’s so much going on right now — a global pandemic, inflation, and a potential World War III — so it stands to reason that the stock market is going to plunge a little bit.
The war, in particular, is having quite the effect on the stock market. I’m going to tell you all about it in today’s article.
The Direxion Daily Russia Bull 2X Shares (NYSEARCA:RUSL) is plummeting today… big time, falling 30% in premarket trading.
Right now, the RUSL ETF is down more than 21% for the day and RUSL aims to generate 200% of the index’s performance on a daily basis.
The benchmark index fell 44.11 points, or 1%, to 4,304.76. That makes it 10.3% below the all-time high we saw back on January 3. The last time we saw a correction for the index funds was back in 2020, when the pandemic was really kicking off. Then, we saw a “bear market” when we saw a decline of 20% or more, just as the S&P 500 sank nearly 34% in about a month.
Investors are watching the crisis in Ukraine very closely after Russia decided to send in forces. Since then, Joe Biden announced the U.S. was getting involved, ordering heavy financial sanctions against Russian banks and oligarchs. We’ve officially declared that Moscow is violating…