Marquette Views on Equity Market Plunge Featured on FundFire

August 12, 2024

Published August 6, Patrick W. Wing, CFA, CIPM, Managing Partner, was quoted in an article by FundFire (subscription required): “Investors Face Reckoning as Equity Markets Plunge.”

Pat discussed the underlying stressors that led to a sharp equity selloff on August 5, including Magnificent 7 valuations and earnings reports and August 2’s worse-than-expected jobs report. Ultimately, he explained, market returns rely on data, and when that data fails to meet expectations, volatility can be expected to spike.

For more coverage of the selloff, read our Chart of the Week published August 5: “Volatility Pops as Equities Drop.”