Markets
Bad Week for Stocks Puts Pandemic Safety Trade Back on Top
- U.S.-China trade tensions resurface, finance pros warn of doom
- Small caps, value, and riskier firms underperform once again
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A stock market that was approaching critical velocity last week has quickly reversed course as momentum at its speculative edge faded.
The result was the worst week for the S&P 500 since March, when equities were enduring their most volatile stretch ever. While the last five days were nothing like those, enough similarities exist -- widening losses in small caps and relative strength in tech, namely -- to stir uncomfortable memories.