Defensive ETF Strategies to Follow Amid Market Carnage
Wall Street is currently experiencing one of the most severe market sell-offs in many years, triggered by President Donald Trump’s tariffs, which have stoked fears of a trade war and recession. The major indices wrapped up their worst week since 2020, with the S&P 500 Index shedding more than $5 trillion in market value last week after tumbling 10.5% over the past two trading days.
The tech-heavy Nasdaq Composite Index and the small-cap Russell 2000 index slipped into a bear market, reflecting a 20% correction from the latest peak. The Dow Jones dropped almost 8% last week and entered into correction territory. The damage has further aggravated today with massive selling in U.S. stocks for the third day (read: 5 ETFs Withstanding…
