Emergency Market Update From Graham Summers
Trading was halted on the S&P 500 shortly after the market opened this morning.
Coronavirus and an unexpected shock to the oil markets are the often-blamed culprits.
A sudden 7% drop in the S&P essentially set off the circuit breaker. The 15 minute time out gives investors time to let the panic subside and reassess before trading resumes.
In this case, it appears the extra time was used to figure what else they should sell.
The volatility will likely continue throughout the week as coronavirus fears, volatile oil prices, and whatever the next shoe to drop is adds to uncertainty in the market.
But the question is, what should you do now?
It’s during times like this when it pays to have some of the top minds in the finance world in your ranks.
So this week, I’m getting each of our expert editors on the phone to hear their take on what to do next. And you get to hear them all, even if you’re not a paid reader to their services.
James Altucher is traveling overseas, so we’ll get him later in the week.
George Gilder was in Massachusetts the last time we checked, so if the phones work we’ll talk to him in the next day or two… And if our luck holds out we’ll hop on a call with Chuck Hughes, too.
First up is someone you’re very familiar with already ― macroeconomic strategist, Graham Summers.
To hear his take on how we got here, and where we’re headed next, click the image below. You’ll be taken to our website where you can listen in.
Editor, Money & Crisis