1 Unstoppable Vanguard Index Fund to Confidently Buy During the S&P 500 Correction
The S&P 500 index (SNPINDEX: ^GSPC) is made up of 500 companies from 11 different sectors of the economy, so it's the most diversified of the major U.S. stock market indexes. It's currently down 12.5% from its record high, placing it firmly in correction territory, amid simmering global trade tensions that were sparked by President Trump's "Liberation Day" on April 2.The president announced a sweeping 10% tariff on all imported goods from America's trading partners, in addition to much higher "reciprocal tariffs" on goods from specific countries that have large trade surpluses with the U.S. The reciprocal tariffs have been paused for 90 days (except those on Chinese goods) pending negotiations, but investors are still concerned about a potential economic slowdown, hence the stock market sell-off.But this isn't the first time President Trump has ventured down this policy path, and history suggests the stock market is likely to recover in the long run. The Vanguard S&P 500 ETF (NYSEMKT: VOO) is an exchange-traded fund (ETF) which directly tracks the performance of the S&P 500 -- here's why investors might want to buy it on the dip.Continue reading
The S&P 500 index (SNPINDEX: ^GSPC) is made up of 500 companies from 11 different sectors of the economy, so it's the most diversified of the major U.S. stock market indexes. It's currently down 12.5% from its record high, placing it firmly in correction territory, amid simmering global trade tensions that were sparked by President Trump's "Liberation Day" on April 2.
The president announced a sweeping 10% tariff on all imported goods from America's trading partners, in addition to much higher "reciprocal tariffs" on goods from specific countries that have large trade surpluses with the U.S. The reciprocal tariffs have been paused for 90 days (except those on Chinese goods) pending negotiations, but investors are still concerned about a potential economic slowdown, hence the stock market sell-off.
But this isn't the first time President Trump has ventured down this policy path, and history suggests the stock market is likely to recover in the long run. The Vanguard S&P 500 ETF (NYSEMKT: VOO) is an exchange-traded fund (ETF) which directly tracks the performance of the S&P 500 -- here's why investors might want to buy it on the dip.
