The markets closed mostly in the red today following an address by the new Fed Chair, Jerome Powell, to Congress. Chad Morganlander is a Portfolio Manager at Washington Crossing Advisors, and he joins Cheddar to break it all down.
When asked about the recent volatility of the market, Morganlander says that no one thing should be blamed. ETFs are not the route of the recent volatility. Overall, Morganlander says the markets are fine. He explains that as rates rise, there will be more volatility.
Morganlander anticipates that rates might be raised 2 or 3 times in 2019.
When asked if markets will bounce back after a day that mostly ended in the red, Morganlander said that is anyone's guess.
Overall, Morganlander expects markets to be more volatile this year than they were in 2016 and 2017.
The U.S. is asserting control over Venezuelan oil after capturing President Maduro. Energy reporter Ben Geman of Axios breaks down what it means for markets and
Silver is back in the spotlight as supply constraints, surging industrial demand, and macro trends push prices high, possibly heading toward $100/ounce.
