Spooked by the bear market and worried about what’s next, investors are looking for ways to shield their portfolios from more pain. Yet money moves made in fear can be bad ones, advisers and behavioral economists warn.
On Monday, the S&P 500 closed more than 20% down from recent highs, officially entering a bear market. On Wednesday, the Federal Reserve approved the largest rate increase since 1994 in a bid to hit the brakes on rampant inflation.
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