Volatility in global financial markets triggered by the conflict in Ukraine has investors concerned about a potential U.S. recession in 2022. The SPDR S&P 500 ETF Trust (NYSE:SPY) is down more than 10% year-to-date, while WTI crude oil prices have risen to 13-year highs.
In volatile times like these, it's understandable for investors to be concerned about what will happen if the market actually crashes like it did in early 2022 or late 2008. While it may seem like fortunes are made during times of extended bull markets, it's often the case that a long-term investor's actions during the worst periods of the stock market are what set the foundation for future wealth.
