When 'Bull Markets' need a break: Understanding today's market correction

After two years of exceptional market returns exceeding 24%, volatility has returned with the S&P 500 entering correction territory—down approximately 10% from recent highs. But before you hit the panic button, our panel of financial experts offers invaluable perspective that might change how you view this downturn.Did you know the average intra-year market decline is actually 14%? That's right—in a typical year, the market drops 14% at some point, yet still finishes positive 75% of the time. What we're experiencing now isn't just normal—it's below average volatility. This "detox downturn" follows what host, Andy Keeler, calls the "cocktail party" of unsustainable returns we've enjoyed recently.For those with balanced portfolios, there's even better news. After a challenging 2022 when both stocks and bonds declined, bonds are finally doing their job again as portfolio stabilizers. Clients with 65/35 allocations (stocks/bonds) have seen minimal impact compared to the broader market's decline. As one client aptly put it: "The thing to remember is stay calm and be patient."Our panel shares compelling evidence for staying invested through market turbulence, including a startling case study of a client who missed a 15% market gain in just three days by trying to time their exit and re-entry during the 2020 COVID crash. Even more reassuring: if you had the terrible luck to retire in January 2000—right before two 50% market crashes—a well-diversified 60/40 portfolio would have provided $1.8 million in income while still being worth over $1.5 million today.Remember Warren Buffett's sage advice: "For 240 years, it's been a terrible mistake to bet against America, and now is no time to start."    Join Andy, Abby, Jessica and Mark for this timely discussion on navigating market volatility with confidence and perspective.The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations.It is only intended to provide education about finance, tax, retirement and related planning topics. To determine which investments or strategies may be appropriate for you, consult your financial, tax or legal advisor prior to implementing. Any past performance discussed during this program is no guarantee of future results.Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.Keeler & Nadler Family Wealth is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Keeler & Nadler Family Wealth and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Keeler & Nadler Family Wealth unless a client service agreement is in place.