The Real Side - After Monday's Stock Market Correction, What's Next?
Show Notes
David appears @ 18:40
- No need to panic over what happened earlier this week.
- While Monday was the largest point drop in history, it was nowhere near the worst drop in terms of percentages. Black Monday in the 80's was 21%, this was 7%.
- This is not the end of the volatility however. This is a normal correction cycle. We're do for a 10% and 20% correction.
- The market corrected because The Fed sold off a part of their balance sheet after years of quantative easing. They warned they would do this last year and are finally pulling the trigger.
- For more on the Fed unwinding their balance in 2018 sheet and how it will impact the markets, listen to the full interview.