AUGUSTA COUNTY, Va. (ROCKTOWN NOW) – Financial markets took a tumble yesterday with the S&P 500, Dow Jones and NASDAQ all sharply in the red.
Steve Campbell, President of Cornerstone Wealth Advisors, says for the last three years, the concern was that the Federal Reserve raised interest rates too much. Now, the concern is that the reserve is not cutting rates in a timely fashion.
Campbell says this is the first correction in the market in about 19 months and he is telling investors to stay put and not do anything drastic.
You can hear Campbell on Your Money Matters Today each Saturday morning on WSVA and streaming on RocktownNow.com.