
After a rip-roaring start to 2023, stocks have come crashing back to pretty much unchanged on the year.
The NASDAQ 100 (QQQ) still is up nicely so far in 2023 at a little over 8%, but that is more than a 50% drop from the highs in early February. The S&P 500 (SPY) and Russell 2000 (IWM) have fallen further and are clinging to slight gains for the year. The Dow Jones Industrials (DIA) are now firmly in negative territory in 2023.