Jeff, Joe, and Kyle are in the studio once again to recap last week’s market action. The Dow was down 4.2%, the S&P 500 was down 4%, and the NASDAQ was down 4.4%. YTD all remain down in double digits. Fed chairman Jerome Powell triggered high-frequency trading last week after using the word “pain” twice in the same speech. The MoneyWise guys discuss why this matters and the impact it had. They engage in a lively debate about how much volume matters, what triggered the algorithms, and what we can expect next from the Fed.
In the second hour, the Money Wise guys share reminders on the dangers of Equity Indexed Annuities. 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.
Send us your feedback online: https://pinecast.com/feedback/moneywise/97cdafae-1acc-44e9-b1c1-9f42994804d0