For the last 6 years stocks have been rallying. This represents the DOW and S&P’s biggest one day percentage drop since 2011. There are market analysts that claim there are several reasons why this may be occurring and those are China, interest rates in the US, and or the drop in oil prices. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, discusses the recent drop in the markets and how it relates more to the rest of the world vs just China’s slowing economy or the drop in oil prices.
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Tags: china, dow, interest rates, oil prices, S&P, selloff