Empower CEO: stock market volatility ‘here to stay for a bit’
March 19, 2025 by John Hilton
Empower CEO Edmund Murphy III isn’t ready to sound any alarms over the tumbling stock market, which fell about 3,000 points in one month.
The market self-corrects about every two years on average, Murphy said, a trend that dates to the early-1960s.
“It’s going to happen, and there’s lots of different triggers, but I think for the most part, what we’re seeing among our 19 million investors as they’re staying in the course,” Murphy said, later adding: “I think the volatility is here to stay for a bit.”
Originally Posted at InsuranceNewsNet on March 12, 2025 by John Hilton.
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