The trader’s saying, “The stock market takes the stairs up and the elevator down,” perfectly captures how swiftly stock prices can change—something we’ve witnessed quite clearly in recent days.

Here’s how the recent stock market drop unfolded: First, disappointing Q2 corporate reports from several high-profile tech companies set the stage, compounded by Federal Chair Powell’s discouraging comments about short-term interest rates. This was followed by confusion in the Japanese market and other international issues, all mixed with uncertainty surrounding the upcoming election. In an instant, stock prices pulled back.

However, it’s important to remember that volatility is a natural part of the investing process. Historically, investors have experienced pullbacks of 3 percent more than seven times a year, and since 1928, a 10 percent correction has occurred at least once annually. When seen through this historical lens, recent market fluctuations aren’t as unusual as they might initially appear.

I understand that it can be unsettling when stock prices pull back or enter correction territory. The financial media often amplifies the day’s events, making them seem overwhelming and causing some investors to lose sight of their long-term strategy.

If you’re beginning to feel like “it’s different this time,” please reach out to me as soon as possible. I’d like to hear your perspective and work together to help us find a more comfortable position moving forward. -GW