It is important to understand that not all portfolios lose value in risk-off markets. The assets in ours have been rising through all of this. The clip below is a good summary of what’s driving the majority of financial assets lower; well said. To repeat: after years of trend-following, mindless buying flows, nothing that’s happening now should be unexpected. If you’re being taken by surprise, you’ve not been paying attention. It’s time to put mindfulness back in financial planning.
Guy Adami, member of CNBC’s “Fast Money” and director of advisor advocacy at Private Advisor Group, joins “Power Lunch” to discuss what he sees in the market as stocks trade sharply lower. Here is a direct video link.
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