Listen: Why is Wall Street in a bear market?

FILE: Wall Street sign in New York, New York.
Photo credit Getty Images
By and , NewsRadio 1080 KRLD

Wall Street is back in the claws of a bear market as worries about inflation and higher interest rates overwhelm investors.

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The Federal Reserve has signaled it will aggressively raise interest rates to try to control inflation, which is the highest it's been in decades.

Throw in the war in Ukraine and a slowdown in China's economy, and investors have been forced to reconsider what they're willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers.

On Monday, the S&P 500 fell 3.9% and closed nearly 22% below it's high on January 3.

On "Ask the Expert," Kristin Diaz and David Rancken asked Mitch Kramer of Fluent Financial, why this is happening.

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Featured Image Photo Credit: Getty Images