stocks got slammed yesterday. The worst point down day for the DOW in history. The DOW has dropped more than 10% in the past 2 weeks.
The mantra of this market has been 'don't fight the Fed, the Fed will cut rates if the market declines'. What happens when an interest rate cut can't fix the problem? The attached article shines a light on that issue.
The economic news was good but was not enough to save stocks.
Want to hear some really good news? I'll share my conversation with a mortgage broker.