For the last 6 years stocks have been rallying. This represents the DOW and S&P’s biggest one day percentage drop since 2011. There are market analysts that claim there are several reasons why this may be occurring and those are China, interest rates in the US, and or the drop in oil prices. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, discusses the recent drop in the markets and how it relates more to the rest of the world vs just China’s slowing economy or the drop in oil prices.
2013 brought many positives in the business world as the DOW soared to record highs. This past year was also marked by controversies of investment banks like J.P. Morgan who paid record fines to the government for bad mortgage practices. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins the Al Jazeera network news to discuss 2013’s banner year and how this could flow into 2014 and will the momentum continue.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.