The Truck Running Over the Stock Market Was Headed Our Way for Months
Trucks drive along Interstate 80 in Berkeley, California.
Photographer: Justin Sullivan/Getty ImagesThis article is for subscribers only.
It’s been a bit difficult to get the license plate of the truck that’s running over the stock market, considering that when you look up right now all you see are axles and undercarriage.
Sure, China’s devaluation is a suspected driver, as is the Fed’s policy committee. And some dumb schmuck even keeps joking that it’s simply fund-raising ahead of all the upcoming Ashley Madison divorce settlements. (Talk about a black swan event!)