All you need to know about his morning’s selloff – Private Wealth Advisors

Monday, October 29, 2018

All you need to know about his morning’s selloff

by Marty Mazorra CFP®, ChFC®

Founder & Co-Chief Investment Officer

The following CNBC headline is all you need to know about this morning’s selloff.

The market tanked instantly (giving up a 280-point Dow rally) upon this hitting the wires:

“US reportedly planning tariffs on remaining $257 billion in Chinese goods if Trump-Xi talks fail”

The politically popular narrative around the Fed and interest rates hitting the market clearly misses the mark.

And make no mistake, the market will influence the U.S./China dialogue. Therefore, believe it or not, selloffs on such headlines are good things!

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Marty Mazorra CFP®, ChFC®

Founder & Co-CIO

is the author of "Making Lemonade: A Bright View on Investing, on Financial Markets and on the Economy" and "Leaving Liberty?: Essays on Politics and Free Market Thinking".

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