John Petrides from Point View Wealth Management discusses the recent stock market slump and explores whether President Trump's first State of the Union speech will have an impact. Petrides says the sell-off is the result of four things: Apple cutting iPhone X estimates, the U.S. 10 year climbing to 2.7%, Goldman Sachs warning of a 10-20% correction in the next couple of months, and the end of Janet Yellen's reign as Fed Chair. Petrides believes Trump's economic message in the State of the Union was consistent. However, he isn't sure if the president's infrastructure bill will ever come to pass.

Share:
More In Business
Reddit’s IPO Hits the NYSE
As Reddit shares begin trading at the NYSE, ‘Einstein of Wall Street’ Peter Tuchman breaks down the social platform’s debut and what it means for the overall IPO market in 2024.
Reason to be Bullish After the Fed Decision
After the Fed forecast three cuts to come in 2024, Kevin D. Mahn, President and CIO at Hennion & Walsh Asset Management breaks down why the market looks strong, and he sees some reasons for concern in Reddit’s choice to IPO.
Load More