Business Insider/Ben Winck/9-24-2020
“US equities declined on Thursday as higher-than-expected jobless claims and renewed virus fears weighed on investors. The slide at the market open erased year-to-date gains for the S&P 500 and sent the benchmark index into correction territory, implying a 10% decline from recent highs. The index then pared some losses.”
USAGOLD note: Amidst all the hype and publicity surrounding the S&P 500, it gets overlooked that stocks are down year to date. By comparison, gold – even with the correction of the past few weeks taken into account – is up 22% year to date.
