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via finance.yahoo.comMarkets

Why the recent market sell-off is not a new Black Monday

FROM THE WIRE · FINANCE.YAHOO.COM

Slatestone Wealth Partner and Chief Market Strategist Kenny Polcari fills in for Yahoo Finance Executive Editor Brian Sozzi on Sozzi Unleashed to explain why the latest market pullback is a far cry from a repeat of the 1987 Black Monday crash. After the Nasdaq Composite (^IXIC)…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA pullback in US indices with possible sector rotation matters for investors.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Nasdaq Composite fell roughly 4% and the S&P 500 about 2% last week.
  2. 02Bargain hunters stepped in to buy the dip, according to analyst Kenny Polcari.
  3. 03Polcari suggests the volatility may signal a sector rotation rather than a broad meltdown.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NASDAQ CompositeINDEX:IXICIndex26,453.08-0.42%today +0.08%Negative S&P 500INDEX:SP500Index7,712.81-0.38%today +0.29%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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