All-or-Nothing Stock Market Lurches All Around and Goes Nowhere
- The ‘all-or-nothing’ day dominates in chaotic August equities
- After the smoke clears the S&P 500 ends up with a puny decline
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If you’re an investor convinced the trade war is going to cause a recession sometime soon, the market saw it your way in August, delivering three separate plunges of 2.6% or more in the S&P 500.
On the other hand, if you’re sure everything’s under control, that President Donald Trump will steer the economy out of trouble, the same index served up seven different 1% rallies affirming your view.