The article below in a nutshell: This is normal market activity, the Fed is talking (seriously, this time) of raising interest rates to combat inflation. When rates rise, usually the equities (stock) market will take a temporary hit.
Market swings of 10-15% in any given year are totally normal and when we are talking about the DJIA being at ~35,000, 10-15% of that is a drop of 3,500 to 5,250. If you have any questions or concerns about your investments or financial situation, call us, we would be happy to speak to you about it.
To read the article at MarketWatch.com, click the link below: