FOX Business’ Charles Payne argues assessing the market is almost always a matter of opinion. Surevest Private Wealth CEO Rob Luna and FOX Business contributor Scott Martin agree with Payne’s remarks and discuss stocks that are dominating the market.
Thursday’s market selloff served as a reality check to some investors who had forgotten markets do not go straight up. The media pointed to the new spikes in Coronavirus cases as the reason; although certainly true, the markets were looking for a reason to put a pause to the recent rally. The selloff caused the Dow Jones Industrial Average to drop 6.89%, while the S&P 500 decreased by 5.89% and the NASDAQ Composite Index was down 5.26%.