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The Stock Market Hasn't Been This Frenetic Since Early in the Pandemic

  • S&P 500 alternates between big gains and losses for four days
  • Volatility, driven by macro uncertainty, testing dip buyers
Bloomberg business news
Blackstone’s Gray Sees Overheating as Greater Risk Than Stagflation

Pick a direction, and don’t go with it. 

That’s the story in stocks of late, with the S&P 500 alternating between gains and losses of at least 1% for four straight sessions -- the longest stretch since June 2020. It’s the same in fixed income, with 10-year Treasury yields swinging wildly around 1.5%.