Americans saw a big chunk of their stock market savings disappear on Wednesday over fears of an economic recession. The Dow fell 800 points, more than 3%, in the biggest drop of the year. Don Dahler reports and I make an appearance!
There are new fears of a recession, and Wall Street took a hit Wednesday. What should you be doing with your money? I joined the CBS Evening News to discuss.
Three different producers contacted me about the following headline, which appeared last week in the Wall Street Journal: “Inverted Yield Curve Is Telling Investors What They Already Know.” You may be forgiven for that case of déjà vu, because we last discussed the inverted yield curve in December. Here’s a refresher from my post on the topic: