We Are Witnessing the Stock Market Do Something for Only the 2nd Time in 155 Years, and History Is Clear About What Comes Next

The S&P 500 (SNPINDEX: ^GSPC) is still up about 12% this year, but the ride for investors has gotten a bit rougher lately. After setting a record earlier this month, the index has fallen nearly 2% as sticky inflation and rising bond yields spook investors. And the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC) took an even bigger hit, dropping more than 4% from its high.