Chris Versace, Chief Investment Officer at Tematica Research, discusses the Dow's 1,000+ point drop, the second in less than a week and the second largest drop ever recorded.
Versace is not concerned about the 10% drop but adds that everyone should be if the market drops another 10%. At that point, we would officially be in bear market territory. He still advises young people who may be skeptical about the drop to stay in the market.
Unpacking Jerome Powell’s surprise rate cut with Tematica Research CIO Chris Versace—what it signals, who wins, who loses, and what smart investors do now.
