US and most world markets had a pretty strong rally after the 2016 election. From about April 2017 through January 2018 our assets (consolidated across all 8 portfolios) went from about $137k to a high of $165k prior to recent market turmoil, a gain of about 20% (we had some assets added and withdrawn across that time period which roughly netted out). This 20% or so gain is about the same as the SPY ETF ticker which matches the S&P 500.
In the last few days, we gave back about 40% or so of that gain… so we are up by about 12% since that April rally began. While recent events had some of the biggest drops in indexes like the Dow in “numeric” terms, in percentage terms the impacts were smaller. We are around the 10% reduction mark which is typically called a “correction”.
These will be interesting times. The market has come back from recent lows and there is much more volatility now. We will need to watch and see what happens next.