by Andrey Dashkov
Yesterday, I told you why I decided to escape a collapsing economy… how I learned to be a contrarian… and why having a well-curated portfolio that will hold up in a crisis is crucial.
And after today’s market plunge, that’s more relevant than ever. At writing, the S&P 500 is down 5%, with similar declines from the Dow Jones and the Nasdaq. And all this volatility is pushing us closer and closer to a bear market.
Some sectors are getting hit harder than others. The energy sector, for example, is taking a brutal beating. For example, with today’s loss, XLE (the ETF tracking the S&P 500 Energy sector) is down 41% year-to-date.