The Stock Market fell sharply today, the Dow’s biggest point drop in history, with the S&P 500 and Nasdaq also way down.
The trend continues the sharp sell-off in the markets that began on Friday.
John Mousseau, Executive Vice President and Director of Fixed Income at Cumberland Advisors in Sarasota, speaks more on the subject.
“When you get those kind of sharp moves and sharp volatility, you usually get somewhat of a rebound in here, and when you think about it, the big picture hasn’t changed. You have companies that are going to benefit from the tax cuts, you have lower unemployment, you have slightly greater labor participation rate. More people are looking for jobs. That’s good. So the big picture hasn’t changed. I think the market got a little ahead of itself and the bond market sent them a message,” says John Mousseau.
The original new story is on SNN TV’s website.