00:00 It's Benzinga and here's what's on the block. Stocks fell in the first week of 2024,
00:05 but one weak week doesn't necessarily mean the full year will be rough.
00:09 Volatility is normal with the average year seeing at least 7 corrections of 3% or more
00:14 and 3 pullbacks of 5% or more according to historical data.
00:18 Years with double-digit gains are often followed by further gains,
00:22 though drawdowns are also common. The S&P 500 has been positive in 71% of years since 1946
00:28 and rebounds on average after annual drawdowns. Tight financial conditions may persist,
00:33 keeping markets challenging, but stocks discount the future and will bottom before a Fed pivot.
00:38 For all things money, visit Benzinga.com.
