Market correction should I sell or hold?
During a market correction, it is advisable to stay calm and focus on long-term investment goals. Corrections are a normal part of market cycles and are usually followed by periods of recovery and growth.
A market correction is a temporary decline in the price of a security or index by 10% or more from its recent high. It occurs after a period of rapid growth, when investors begin to take profits and the market adjusts to a more sustainable level.
Some causes of market corrections include:
Unexpected economic news, such as worse-than-expected corporate earnings reports
Negative economic data, such as an unexpected rise in unemployment or a decline in economic growth
Changes in market expectations regarding futures contracts
