Weitz: Raw Material for Correction Has Been There All Along
Fed-induced complacency and inflated asset prices laid the groundwork for this week’s sell-off, says Wally Weitz.
Jeremy Glaser: For Morningstar, I’m Jeremy Glaser. With the volatility in the market over the last few days, we’ve checked in with several fund managers. I spoke to Wally Weitz and he shared with us how he sees the Fed-induced complacency starting to evaporate over the last few days.
Wally, what do you think has been driving this volatility?
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.