Herb Greenberg, senior editor at Empire Financial Research, says that the overlooked story in the drop in bank stock prices is the role that exchange-traded funds likely played in making it happen. He discusses his recent article on the subject, which points to the way ETFs are traded as a significant contributing factor to the big drop in banking stocks, and notes that the same phenomenon could impact other market sectors that get hit with bad news in the future. Also on the show, Ed Carson, news editor at Investor's Business Daily, discusses the huge drop in investor sentiment during April and how it impacted all major components of the Economic Optimism Index, and portfolio manager Andrew Graham of Jackson Square Capital talks stocks in the Market Call.
Money Life with Chuck Jaffe