The Sell-Off In Stocks Is More About The US Than Emerging Markets

Last week was pretty ugly for global stock markets, and closed in the red again on Monday. The responsibility for that misery was placed squarely on the shoulders of emerging markets. Currencies in emerging market nations like Turkey, South Africa, and Argentina have taken a beating. But BlackRock's Russ Koesterich thinks, that while emerging markets did play a part, the decline in U.S. stocks could be "attributed to issues closer to home." Stretched valuations and lackluster earnings are also t...