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.
It's a benefit to have a 401k plan with your employer but it can also be stressful to decide how to best allocate your contributions. Michele Schneider, partner and director of trading research and education with MarketGauge.com, joined Cheddar News to explain which markets are best to invest in, depending on your age demographic.
There is no specific formula or playbook for handling money with your spouse. Is it any different with a second marriage? Kelli Smith, director of financial planning with Edelman Financial Engines, joined Cheddar News to discuss what approach to take with finances with a new partner.
