newhome2018-10-17T22:35:59+00:00

The Rollercoaster Market And Why My Clients Are Laughing

U.S. stocks closed sharply lower Wednesday as the Dow Jones Industrial Average sank more than 800 points and the Standard & Poor’s Stock Index 500 had its worst day since February as technology stocks went into a freefall.

Investors spooked by rising bond yields dumped equities in all sectors, triggering a wide-ranging sell-off and a sharp decline in all major indices. The Dow Jones Industrial Average plummeted 831.83 points, or 3.2%, to 25,598.74, logging its worst one-day drop since February. The S&P 500 index lost 94.66 points, or 3.3%, to 2,785.68, falling for its fifth straight day.

Look around the rest of the world, and all major indexes also fell for the week, and the majority are negative for the month.

The pundits, media outlets, and market-watchers alike have widely proclaimed this recent selloff to be due to one major factor: It’s the Fed, Stupid.

Market action has been directly affected by higher bond yields and interest rates, both of which could signal a new phase in post crisis markets that have enjoyed an unusually protracted period of ultralow yields – causing extreme overvaluation. Read More…

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INVITED AUTHORS

Brad Pistole

Brad Pistole

Trinity Insurance & Financial Services, Inc.

Lyle Boss

Lyle Boss

Boss Financial & Insurance Services, LLC

Joe Edgeworth

Joe Edgeworth

The Edgeworth Insurance Group

Al Martinez, America's Financial Solutions Group

Al Martinez

America’s Financial Solutions Group, LLC

Nathan Frederico

Nathan Frederico

Mayfield Financial & Estate Protection Services, Inc.

Chad Owen

Chad Owen

Eagle Shadow Life & Annuity , LLC

Robert Kelly

Robert Kelly

Safe Money and Income Solutions

Dave Stanley

Dave Stanley

Financial Consultant | CEPP

Jim Junge

Jim Junge

Benefit Services Group

Laurabell Lyster

Stephen Dybwad

Investment Advisor Representative

Steve Kerby

Steve Kerby

Eric Hutter

Eric Hutter

Osprey Retirement Solutions

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