Listen to my Special Market Podcast for an update on the latest market gyrations.
Dear Sheryl,
Today was another tough day for the market. Today's pullback was a little more serious because the yield curve is starting to invert. This is happening because most of Wall Street expects the Federal Reserve to raise key interest rates on Wednesday. Interestingly, today's selloff is the stock market's way of trying to convince the Fed not to raise rates. But, as we've discussed before, the Fed never fights market rates. So, a key interest rate hike and a dovish Fed statement are widely anticipated. Given today's action, I've recorded a Special Market Podcast to talk more about what triggered the selloff and why I expect things to be a lot better on Wednesday. I know today's selling is a little disconcerting, but we need to hang in there a few more days. You can listen to today's Special Market Podcast here. If you encounter any technical issues with playing the recording, please contact my customer service team, and they’d be happy to get you squared away. Sincerely, Louis Navellier
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