The Dow Jones and S&P 500 posted a loss of 7.92% and 7.17%, respectively, in the last 5 days, however this is not a reason to panic. The market has been steadily increasing without a significant market move or correction and we have enjoyed 15 consecutive months with positive returns. The headlines can be misleading, but this is just volatility returning to markets. Some of the loss today was likely due to computerized algorithms that were triggered to start selling as the market reached certain levels. This increased selling intensifies the loss, but will normalize when those same algorithms buy back in to the market.
We have been anticipating this correction and will take advantage of this opportunity.