Investors Concerned about GDP Growth

Investors Concerned about GDP Growth (Bloomberg)

Economic growth beat estimates, leading investors to worry that the Federal Reserve could begin tapering its stimulus sooner than expected. This concern dragged the S&P 500 down in its biggest loss in two months. “The market will be volatile,” Ernie Cecilia, chief investment officer at Bryn Mawr Trust Co. in Bryn Mawr, Pennsylvania, said. “You had some good economic news today and we’ll see what the payrolls numbers are tomorrow. The fear is that with better-than-expected economic numbers, tapering will commence sooner rather than later.”