It’s October, which means fall is upon us and winter is fast approaching. However, this year it’s not just the leaves that are falling. The markets have been falling, too.
On Wednesday, October 10, the Dow slid more than 800 points. The S&P 500 fell for the fifth straight day. And the tech-heavy NASDAQ was hit hardest of all, dropping more than 4%. Both the Dow and the S&P continued sliding into October as we are writing this piece.
Once again, the media makes nearly every bad day in the market sound dramatic, but it’s not necessarily cause for alarm. Nonetheless, whenever market volatility spikes, it’s useful to understand why. The more we attempt to understand the why, the less cause we have to fear it.
There are so many headlines and narratives, each with their own twists and turns. The good news is that it’s possible to pick up a thread and attempt to follow it all the way back to its source...
Unsure about your direction or methodology for meaningful investment planning and wealth management? Contact us and one of our experts can help provide clarity of thought.
This information is intended for use only by residents of (AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, MT, NC, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WI, WV). Securities-related services may not be provided to individuals residing in any state not listed above.Please consult with the FA as s/he may not be registered in all states. Insurance-related services may not be provided to individuals residing in any states other than (AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, IL, IN, KY, LA, MA, MD, ME, MI, MN, MS, MT, NC, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, TN, TX, VA, WA, WI, WV).
|Investment and insurance products:||Investment and insurance products:||Investment and insurance products:|
|Not insured by FDIC or any Federal Government Agency||May Lose Value||Not a Deposit of or Guarantee by a Bank or Any Bank Affiliate|
A note about social media: Opinions, comments and actions taken on Social Media are those of the third party and do not necessarily reflect the views of the creator of this profile or of the firm. Social Media is intended for U.S. residents only and subject to the following terms: wellsfargoadvisors.com/social
Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN). Wells Fargo Advisors is the trade name used by Wells Fargo Clearing Services, LLC and WFAFN, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo. Oxford Harriman & Company is a separate entity from WFAFN.