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After stocks posted a seven straight weeks of losses, stocks ended with the worst week in 2 months. Wall street traded a bit higher on Friday’s short trading day, in hopes that Black Friday might give retailers a boost. Suddenly the gains were quickly wiped out by more trouble in Europe, as Belgium’s debt was downgraded by S&P. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News Studio B to examine if Europe’s debt crisis is root cause of stock market’s worst week.
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: belgium, black friday, crisis, debt, downgraded, europe, investment, money, recession, sandp, shopping, stock market, stocks, wall street