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Stock markets (^GSPC, ^IXIC, ^DJI) are experiencing turbulence as uncertainty and concerns about a potential recession grips investors. Slatestone Wealth chief market strategist Kenny Polcari joins Market Domination hosts Josh Lipton and Julie Hyman to discuss current market dynamics.
"If you're a long-term investor, you should not panic," Polcari says.
"There's been some technical damage done to the market, so you can expect to have some further selling," he adds. "Today's a dramatic day but for some reason, everybody's talking about this coming recession and ... they're all starting to panic about it, which is now causing this reaction that we're seeing."
Polcari notes that Monday's dramatic market movement feels like "it's capitulation" and could signal "the bottom."
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
This post was written by Josh Lynch