Boeing 737 Max Grounded After 2nd Fatal Crash

Written by Donnie Nguyen

March 17, 2019

The S&P 500 surged 2.89% this week and reversed all of last week’s losses. It’s now out of correction territory for its ninth week and just 4.0% off its all-time highs.

This week Boeing (BA) was in the news after its second fatal crash in less than 6 months involving its 737 Max planes. The United States joined other countries in grounding this aircraft. My thoughts and prayers go out to the families of the 157 passengers who died in the Ethiopia Airlines crash.

The Fed’s next FOMC meeting is this week March 19-20. I’m very interested to see what Fed Chair Jerome Powell has to say.

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My portfolio crushed it this week along with the market. Now that we’re close to all-time highs again, my plan is to raise 25% cash in my porftolio. I want to be ready for the next market correction.

So how are you guys handling the market? Share your thoughts and by commenting below.

Disclosure

I/we have no positions in any stocks mentioned and no plans to initiate any positions within the next 72 hours.

I wrote this article myself and it expresses my own opinions. I’m not receiving compensation for it (other than from Wolves Of Investing), and I have no business relationship with any company whose stock is mentioned in this article.

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