As has been widely reported in the financial press recently most major markets have experienced a significant correction from the highs posted at the end of 2021.

This has been particularly evident in the US market because of its stellar growth in the last two years and so this article will focus on the recent experience for the S&P 500 and Nasdaq 100. Both indices have more than doubled from the lows in March 2020 after the first effects of the Covid-19 pandemic though to the end of 2021. The Nasdaq 100 was the slightly better performer, up 136% in that time compared to 108% for the S&P 500. This is to be expected given it is generally a more vo

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