Stocks and most likely your retirement account got slammed from all sides on Thursday. Inflation up, consumer price up, jobless claims up, construction down, and home sales down. There is very little positive news going around. One analyst said that if we are not in a recession it sure does feel like one and that is just as bad as it gets. On Thursday the Dow lost 400+ points, while the NASDAQ lost 130+ and S&P lost 50+ points. Ed Butowsky joins Fox 4 News to try to examine what happened on Thursday and how this sell off is the same or different than others.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Check out some of our other articles:
- Markets Remain Uncertain As Congress Can’t Make A Deal On Debt
- How to inflation proof your portfolio
- Copper & Silver Surging
- The Debt Deal and You
Tags: construction, consumer price, dow, economy, home sales, inflation, jobless claims, money, nasdaq, recession, sandp, sell off, stock market, wealth manager