Markets Are 'Ripe For Negativity,' But Financial Expert Urges Investors To 'Pick Up Some Deals'

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On top of all that, the looming presidential election is also causing market jitters.“Markets are clearly nervous about the divergent paths central banks are taking, leading to lots of volatility,” said Jamie Cox, managing partner for Harris Financial Group.“Couple that with a potential escalation of hostilities in the Middle East and a Presidential election cycle that is rife was [sic] craziness, things are ripe for negativity. Some say this is overdue, I say use this downturn to pick up some deals.”

 The Dow Jones Industrial Average, tracked by the SPDR Dow Jones Industrial Average (NYSE:DIA), has fallen 2.11% to 38,898 points as of Monday’s midday trading and 5.1% since Friday’s opening bell.

On Thursday, the Federal Reserve held off on cutting rates and then a cooler-than-expected U.S.jobs report landed on Friday while Iran threatened to attack Israel.

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Author / Journalist: Michael Juliano

Category: Technology

Markets: United StatesIsrael

Topics: Comerica Wealth Management Benzinga Federal Reserve Bolvin Wealth Management Group US78462F1030 QQQ DIA Dow Jones Industrial Average US73935A1043 Top Stories Tech US78467X1090 Economics Jamie Cox Expert Ideas Stories That Matter Independent Advisor Alliance SPY Nasdaq Composite Index John Lynch Government Harris Financial Group Markets Treasuries Gina Bolvin Chriz Zaccarelli

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 17:46:03 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 625 words

Reading Time: 4 minutes read

Sentences: 14 lines

Sentence Length: 45 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21939642

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