CNBC Financial News Reporter Gives 3 Reasons for Stock Decline

New York, NY, October 11, 2018-Bob Pisani, correspondent for CNBC, recently offered analysis of the current decline in stock prices.  

  1. Margin erosion due to inflation: “This is principally about higher costs: wages and raw materials.”
  2. Tariffs: “Skeptics are fond of scoffing at the tariff impact, claiming that in the overall grand scheme, tariffs are not material to any but a few companies. It's true: few companies so far have specifically stated that earnings would be dropping specifically due to tariffs, but many are dropping hints…The concern: skeptics are likely underestimating the impact of a full-blown trade war with China.”
  3. Higher Rates.