Jeff, Joe, and Kyle are here with another review of last week’s market movements. The Dow was down 4.6%, the S&P 500 was down 5%, and the NASDAQ was down 5.5%. Year-to-Date, the Dow is down 13.6%, the S&P 500 is down 18.2%, and the NASDAQ is down 27.5%. Though we spent the last few trading weeks in the “market cha-cha,” we reached a lower leg last week. The CPI came out on Friday and it was a market-moving number because it had not substantially improved. The Money Wise guys talk about the Thursday sell-down that continued into Friday, how inflation was slightly hotter than expected, and the Fed’s upcoming interest rate increase.
In the second hour, the Money Wise guys discuss the important differences between a Registered Investment Advisor (RIA) and a Broker. Don’t miss the details! Tune in for the full discussion on your favorite podcast provider or at davidsoncap.com, where you can also learn more about the Money Wise guys or take advantage of a portfolio review and analysis with Davidson Capital Management.
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