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 Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in a possible sign of looming rate cuts.
America’s oldest flour company, King Arthur Baking Co., saw a six-fold increase in demand during the pandemic, and baking interest continues to rise.
The surgeon general has said there's a loneliness epidemic in America. For many people, that includes a lack of friendships at work. But there's hope!
The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and f
The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting cash.
For 30 years Ira Galtman’s job has been to document how American Express went from an express stagecoach company in New York in 1850, to what it is today.
Air travel got more miserable last year, if the number of consumer complaints filed with the U.S. government is any measure.
U.S. ticked toward more records Friday after a highly anticipated report on the job market bolstered Wall Street’s hopes for interest rate cuts.
New tech—from Toyota, Nissan and others—could replace lithium-ion in EVs, ushering in an era of safe, fast-charging batteries and 700-mile ranges.
The future of Paramount, Boeing, and the cost of independence.
