Stocks Close Lower as Nasdaq Falls Into Negative Territory for Year

May 13, 2020
Stocks closed lower Wednesday following Fed Chairman Jerome Powell's warning warns that the economy could face a long, painful downturn if additional relief is not provided. Additionally, billionaire hedge fund investor David Tepper said that we are in the most overvalued stock market since 1999. Zach Abraham, Chief Investment Officer and Principal at Bulwark Capital Management, breaks down the day's activity and what it could mean going forward.
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