Hard-to-Shock Markets Show Tolerance for Trouble Isn’t Limitless
- Weak US economic data on Friday puts bulls in retreat
- A resilient economy, low volatility had propped up assets
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For the past two months, under threat of tariffs and tighter Federal Reserve policy, it’s been the mighty US economy that gave investors cover to keep shoveling money into markets.
Friday signaled there may be a limit to how far that protection can be taken.