Wall Street Strategists Hunt for Good Omens on US Stock Slide
- Chart watchers point to signals on sentiment and positioning
- Retail traders spent $18 billion buying put option protection
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After succumbing to full-blown fear this month, American stock traders were braving all manner of global market gyrations to kick off the volatility-hit trading week, from the pound crash at all-time lows to China’s weakening yuan.
The S&P 500 rallied before paring gains, while the Nasdaq 100 jumped as much as 1.4% even as Treasury yields rose to near the highest since 2010.