There was significant financial news this week with the big drop in stocks on Wednesday, bond yields moving up, and the CPI reading coming in below expectations. In other news, once again, another major hurricane makes landfall. We hope everyone is safe in the Southeast, and our thoughts are with you. Enjoy this week's edition of The Friday Buzz. I hope it's worthy of a few minutes of your time to wrap up your week and kick off the weekend.
- Stocks Had a Tough Wednesday: The Dow Jones Industrial Average dropped 831 points on Wednesday. Volatility in the stock market has been relatively low the past few years so when it pops up, it is always a little startling. As of the deadline for this post Thursday, stocks were still volatile with prices zigzagging up and down. But many institutional investors were not panicking observing that corrections are normal and underlying economic fundamentals remain strong.