The stock market sold off yesterday and the same thing is happening today

The stock market sold off yesterday, a lot of stock traders lost money, the meme stock owners and buyers also lost money.  Normally when this happens, it may trigger more sellings and day traders hate to see this. 

Daily stock market traders and short-term traders often get hit hard when the market selloff, but long-term holders who are well-positioned often find themselves being able to buy more.  

What is causing the stock market selloff today? 

1. The market is at an all-time high and is due for a correction. 

2. The federal reserve's 2-day policy meeting about the economic and interest rate forecast. 

At Investingport, we believe that these two key events are the reason for the market selloff, it may stop here if we get positive news from the fed, or the stock market may sell off more due to the domino effect of various selling by short term investors and day traders. 

"The S&P 500 traded 0.5% lower. The Nasdaq Composite lost 1.2% as technology shares got hit by rising bond yields again. Apple, Alphabet, Facebook, and Netflix all traded in the red. Tesla shed more than 2%" - CNBC