Will: Market Downswing an 'Anomaly'

Posted: Updated:

A University of Indianapolis financial economist says Monday's dip in the U.S. stock market was not unexpected and is advising Hoosiers not to be concerned. UIndy School of Business Director of External Relations Matt Will calls the fluctuation, which included a record loss of more than 1,175 points by Dow Jones Industrial Average, is an anomaly. "This is a normal drop. It's a random occurrence. It'll come right back up," he tells Inside INdiana Business Multimedia Journalist Mary-Rachel Redman. "There are no fundamentals that are wrong with the economy right now."

Will advises the business community to take the same no panic approach. "The thing that they (small businesses and corporations) need to be aware of is not the stock market crashing, but more what does this mean for interest rates?" he says. "It probably means an increase in interest rates," which Will says would add expenses to borrowers. He says earnings are generally up, corporate tax rates are being reduced and Gross Domestic Product growth is higher, which should offset long-term concerns.

He says inflation -- or lack there of in this case during the economic recovery -- is a major driver of the dip, adding that metrics including credit spreads, default rates on loans and company earnings reports are all in places they should be. Will says consumers and businesses shouldn't be concerned until they see signs like GPD falling, unemployment dropping and out-of-control inflation. "None of those things are occurring right now, so I wouldn't be concerned."

  • Perspectives

    • Cyber Security: Out of Your Control - or Not?

      Good chance YOU have been a victim of a cyber security attack!  When a company gets hacked, you and other customers become the “victims” of the breach. That puts your identity at risk!  The FTC estimates 9 million Americans are victims of identity theft each year!  What’s the greatest potential for identity theft?  On-line shopping! Yikes!



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • An abandoned East Chicago neighborhood is fenced off for safety. (photo ctsy: The Times of Northwest Indiana)

      New Housing Coming to East Chicago

      The Indiana Housing & Community Development Authority has selected a Chicago nonprofit to participate in a new workforce housing program in East Chicago, according to our partners at The Times of Northwest Indiana. The nonprofit organization A Safe Haven Foundation was awarded a $700,000 grant from the IHCDA that will support the new construction of single-family homes in the West Calumet neighborhood. 

    • A New Way of Thinking for Drug Addiction Recovery

      The long war against drug addiction continues to rage, with the opioid crisis representing the latest front of the battle. As with any long fight, our strategy must change as the forces of death and destruction find new ways to attack those most vulnerable. According to the Centers for Disease Control and Prevention, 68% of the 70,200 drug overdose deaths in 2017 involved an opioid – six times higher than in 1999.

    • (photo courtesy Joseph Pete/The Times of Northwest Indiana)

      ArcelorMittal to Idle Furnace at Indiana Harbor West

      ArcelorMittal plans to idle a blast furnace at its Indiana Harbor West in East Chicago. A spokesperson tells our partners at The Times of Northwest Indiana employees will be reassigned and there will be no layoffs as a result of the move. 

    • Graduates from the 1st cohort for manufacturing at Branchville Correctional Facility (photo ctsy: Dept of Corrections)

      Manufacturing Skills Training for Inmates

      The Indiana Department of Correction is trying to help fill voids in the state’s manufacturing workforce by preparing and training low-risk inmates before they are released. Branchville Correctional Facility in downstate Perry County just graduated its first cohort of the Catapult Training Program, following a four-week course in basic manufacturing skills. The facility is classified as a Level II Low Medium Security Correctional Facility. In an interview with...

    • Calumet Specialty Sells Texas Refinery

      Indianapolis-based Calumet Specialty Products Partners (Nasdaq: CLMT) has closed on the sale of its San Antonio,Texas refinery, crude oil terminal and pipeline to Starlight Relativity Acquisition Co. LLC. Starlight agreed to pay $63 million in cash for the plant, property and equipment.