Four Things We Learned This Week: What Goes Up Must Come Down
1) China is not a one-way bet
It's been the most volatile week for equities in years. Fears of a slowdown in China have been snowballing all month, and culminated Monday in a global stocks crash not seen since 2011 – and not seen in Europe since the depths of the financial crisis. Chinese government intervention and relief rallies tussled with renewed concerns about China throughout the week, triggering wild swings. Those fluctuations were further complicated by Fed comments that cast doubt on a September rate hike.
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