Why This Correction Is Painful for Investors
The correction in equity markets across the globe in recent weeks has left everyone wondering what led to such a sudden drop. Although there have been calls for a correction for quite some time, the sheer depth and pace of the correction surprised investors. An impressive $13.6 billion was pumped into the SPDR S&P 500 ETF (SPY) during January, followed by the iShares Core S&P 500 ETF (IVV) and the iShares Core MSCI Emerging Markets ETF (IEMG) with inflows of $6.3 billion and $3.2 billion respectively.