EVANSVILLE, Ind. (WFIE) – There are growing concerns about the state of the economy with the stock market sliding to new lows since 2020.
The stock market keeps hitting new lows, while the prices of everything from gas to groceries keep going up.
Experts are calling it a “volatile market.”
On Friday, the S&P 500 index entered the bear market territory, a 20% decline from a recent peak.
The Dow Jones also dropped over 1,000 points, its biggest loss since 2020.
Old National Bank’s Chief Economist Matthew Finn says for now, investors should play it safe.
“Now is not the time, during market volatility, now is not the time, to take large bets,” said Finn. “Now is the time to take risk off of your portfolio.”
Finn says the past two years created a perfect storm for inflationary pressure.
Putting a lot of money into the economy to improve it during peak pandemic, the economy then opening back up, and the crisis in Ukraine causing an…
