NewsFeeder
10-11-2018, 12:50 AM
Mnuchin Says U.S. Markets ‘Correction’*Is Not Very Surprising
“Markets are not efficient and markets move in both directions and at times they overshoot in both directions,” Mnuchin said early Thursday in an interview on the sidelines of the International Monetary Fund annual meetings in Bali, Indonesia. “The fundamentals of the U.S. economy continue to be extremely strong, I think that’s why the stock market has performed as well as it has. Fresh concern about a trade war with China and rising interest rates have in part sparked a broad U.S. stock market sell-off, with the S&P 500 on Wednesday falling the most since February.
https://finance.yahoo.com/news/mnuchin-says-u-markets-correction-032723062.html?.tsrc=rss
“Markets are not efficient and markets move in both directions and at times they overshoot in both directions,” Mnuchin said early Thursday in an interview on the sidelines of the International Monetary Fund annual meetings in Bali, Indonesia. “The fundamentals of the U.S. economy continue to be extremely strong, I think that’s why the stock market has performed as well as it has. Fresh concern about a trade war with China and rising interest rates have in part sparked a broad U.S. stock market sell-off, with the S&P 500 on Wednesday falling the most since February.
https://finance.yahoo.com/news/mnuchin-says-u-markets-correction-032723062.html?.tsrc=rss