S&P 500 Corrects 7.5% to 2740 - Values Abound for Long Term Investors

S&P 500 Corrects 7.5% to 2740 for a total correction of 19% from 3394. Admittedly this correction is from an elevated level and there is near term uncertainty due to COVID-19 impact on economy.  However for Long Term Investors Values Abound in the market including highest quality companies trading at attractive valuation, especially compared to 0.6% yield on US 10 Year Bond Rate. 

A snap back of US 10 Year Yield above 1% and containment of COVID-19 Virus are catalysts needed to signal the bottom on this correction. 

SPY 1 Year Chart

SPY 5 Year Chart