Page 1 - Wall Street hammered! What now

“Wall Street hammered!” What now?

To this day, the closest we have seen markets get to a financial Armageddon was the
Global Financial Crisis in 2008.

There really was nowhere to hide.

Not only were asset prices plummeting across the board, but almost every financial

institution, regardless of its reputation and history, had its solvency questioned. Some of
those financial institutions would, in the end, not survive.

The biggest example was the 158-year-old US investment bank Lehman Brothers who
were at the time the fourth largest in America and were to find themselves with a new
title; the largest bankruptcy in US history.

On the day of its collapse, the S&P 500 fell 3.4%.

Last Friday, that same index fell 2.7% as Donald Trump shocked the market by
announcing new tariffs on China.

So, given that Friday’s fall was less than 1% away from the event that started what is,
arguably, the most turbulent period in financial history, should we be worried?

Well, no.

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Future Wealth Planners Pty Ltd is a Corporate Authorised Representative (325961) of Sentry Advice Pty Ltd (AFSL 227748, ABN: 77103642888