After two straight days of sell-offs, the major indexes waffled on Wall Street Tuesday. Axios Business Editor Dan Primack explains the factors potentially driving this market volatility.
"There's a lot of factors you can point to," says Primack. "You have deficit concerns in terms of borrowing, you obviously have the algorithmic trading issues, you have just the general fact that things might have been overheated in profit taking."
Primack explains the point drop is outside a massive external event, there is not a single thing that makes these types of sell-offs happen."Sometimes it is a very fickle invisible hand, and unfortunately, there's not much we can do," said Primack.
Adam Turnquist, Chief Technical Strategist for LPL Financial, weighs in on the latest CPI data, what could get the Fed to lower borrowing costs, and the crypto rally.
Mark Hamrick, senior economic analyst at Bankrate, breaks down the current housing market and why he’s expecting affordability will get better as the year goes on.
