Fears of a stock market sell-off have been growing in the wake of yesterday’s performance.
Yesterday (Tuesday, March 21), the Dow Jones Industrial Average and S&P 500 fell 1.1% and 1.2%, respectively. That was the Dow Jones’ biggest one-day loss since Sept. 13, 2016, while the S&P 500’s drop was the largest since Oct. 11.
Now investors are anxiously awaiting the outcome of tomorrow’s vote on the GOP’s new healthcare bill to replace Obamacare. The vote is seen as a proxy for Trump’s future political wins, especially his proposed tax cuts, which have been the primary fuel for the post-election stock market rally.
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business’ “Varney & Co.” to discuss the likelihood of a stock market sell-off – or rally – after the healthcare vote tomorrow.
Here’s how the markets will react…