Stocks Calm Ending as Earnings Season Brings Volatility
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The selloff in technology stocks and small-caps is a warning sign that months of calm in the equity market are coming to an end.
“You’re getting investors who were once euphoric preparing for more volatility on the basis that the economy and market may not be as strong as they believed,” Matt McCormick, who helps oversee $11 billion as a fund manager at Cincinnati-based Bahl & Gaynor Inc., said in a phone interview. “It’s natural that people would want to be more cautious in an environment where there are more questions than answers.”