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While jobs creation is up, so is unemployment. Friday’s job report saw an unemployment rise and stocks fall to close the week. Moreover investors are not taking comfort from the October job’s report based on the selling that was occurring on Friday. It appears as investors are cautious ahead of Tuesday’s Presidential Election. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins CNBC Closing Bell to discuss the slide in stocks based on the October jobs report.
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.
Tags: closing bell, cnbc, financial advisor, investors, jobs report, presidential election, stocks, unemployment, wealth manager