4 ms·
The standard definition of a correction is a 10-20% market decline. “Minor” corrections aren’t defined, though one could imagine an event that barely meets the
by Armisael16 2y ago
The standard definition of a correction is a 10-20% market decline. “Minor” corrections aren’t defined, though one could imagine an event that barely meets the threshold making sense.
But yes, strictly you are right - this isn’t a correction at all.
source: https://www.schwab.com/learn/story/market-correction-what-does-it-mean#:~:text=The%20general%20definition%20of%20a,decline%20of%2020%25%20or%20greater https://www.schwab.com/learn/story/market-correction-what-do....
- blackeyeblitzar 2y agoWell some indices confirmed it was a correction: https://www.reuters.com/markets/us/futures-slide-amazon-intel-forecasts-disappoint-jobs-data-awaited-2024-08-02/ https://www.reuters.com/markets/us/futures-slide-amazon-inte... > the Nasdaq Composite confirmed it was in correction territory after a soft jobs report stoked fears of an oncoming recession My point was that it was explicitly a correction and officially confirmed as such for some indices, and that the label of “minor” is more of an opinion or spin.