Writer Local financial service professionals say the stock market correction of the last 12 months has had mixed effects on their customers and their own businesses. This time it was different. Interest-rate adjustments were part of the problem, Adams said, referring to the rise in rates prompted by the Federal Reserve Bank. That, to me, started the economy slowing, almost coming to a halt. Investing is an emotional situation, she said.
Investor sentiment is part of what drives the market.
Money Methods Vice President Matt Adams said while the stock market provided exceptional returns the last few years, investors are not realistic to expect them to continue for the long term. Instant news coverage broadcasts business difficulties immediately, Matt Adams said. Charlotte Adams said over the last year, her business slowed down. She said she typically added one or two clients each week, but concurrent with the market slide, she had not marketed a great deal. You'd listen to the economic news and leaders in the industry and nobody had a good feel.