Heard on Detroit Today with Stephen Henderson

How the Wall Street Roller Coaster Affects Your Finances

post thumbnail image

Image credit: David Ohmer/Creative Commons License

A conversation about the huge drop and huge jump in the market over the last week. Is it the coronavirus or just the nature of the beast?

Tweet This

It’s been a wild roller coaster ride on Wall Street this past week.

Last week saw one of the biggest drops in the Dow’s history. Yesterday, the market saw it’s biggest single-day jump in history. Detroit Today host Stephen Henderson talks with an expert about what this volatility means for you and your savings.

The market rewards patience, diversification and low fees.” - Matthew Roling, professor

Listen to the conversation about stocks and how and why they fluctuate. 


Guest

Matthew Roling is the Interim Chair for the Department of Accounting at Wayne State University Mike Ilitch School of Business. Roling tells Henderson that “the market rewards patience, diversification and low fees.” He says the large drop last week in stocks was undeniably a reflection of the interconnection between the US and Chinese economies, adding that the consensus cause of the dip by economists was the Coronavirus outbreak in China. “It was a realization by the market that what’s going on with this virus might seriously wreak havoc on our economy.”

 

Support the news you love.

Here at WDET, we maintain our journalistic integrity through independent support from readers like you. Because you value WDET as your source of news, music, and conversation, please make a gift today.

Donate today »

Detroit Today

Dynamic and diverse voices. News, politics, community and the issues that define our region. Hosted by Pulitzer Prize-winning journalist Stephen Henderson, Detroit Today brings you fresh and perceptive views weekdays at 9 am and 7 pm.

detroittoday@wdet.org

Stay connected to Detroit