Dow breakdown Madison 5pm

Dow breakdown Madison 5pm

Posted: Thu Feb 08 19:55:52 PST 2018
Updated: Thu Feb 08 19:55:52 PST 2018

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in your 401-k?? think again. the dowplunged again-- more than one thousand points before this afternoon's close. but why? wtva's madison heil joins us live after speaking with a local finanical advisor. that's right. im here outside of renasant bank in downtown tupelo where i just finished speaking with financial advisor stacey spearman about the situation. he told it makes sense this pull back would happen after such high growth in a short amount of time. spearman said that sharp growth is probably due to the recent increase in interest rates. and why did interest rates go up? he says the easy answer is the recent tax cuts which put more money in people's pockets rsulting in inflation. but he assures this is just a cycle and that people shouldn't worry. now ." "and i think that's whats happening here." again spearman assured that the fundamentals of the economy are still good including earnings and wage growth. and this decline in the market was expected, but still nothing too be too concerne4d about. when we come