Bull Market Stumbles Over Emerging Economies06:13
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Traders work on the floor of the New York Stock Exchange on January 27, 2014 in New York City. (Spencer Platt/Getty Images)
Traders work on the floor of the New York Stock Exchange on January 27, 2014 in New York City. (Spencer Platt/Getty Images)
This article is more than 5 years old.

Fears over the health of developing economies led to sharp drops on Wall Street last week, with the Dow Jones losing nearly 500 points in just two days.

The decade-long rise of those economies has been fueled by China's economic growth and by the low interest rates set by the U.S. Fed. But the Fed has begun to to taper its easy money policies and China's growth seems to be slowing.

So are we in for a bumpy year on Wall Street? And whom would that affect?

David Kelly, chief global strategist for J.P. Morgan Funds, joins Here & Now's Meghna Chakrabarti with some insight. Then, Cardiff Garcia of the Financial Times joins Here & Now's Jeremy Hobson to take a closer look at Argentina's currency drop.

To hear the interview with David Kelly, click the audio at the top of the page.

Guest

This segment aired on January 27, 2014.

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