US Stock Swings Make Emerging Markets and Even Bitcoin Look Calm
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Up 9.5% one day, down 3.5% the next: Investors expect those kind of oscillations from equity markets in emerging economies or the notoriously turbulent Bitcoin, not Corporate America.
President Donald Trump managed to upend the long-term status quo when his ongoing tariff policy acrobatics knocked US equities for several loops this week. US stock swings surpassed the two asset classes known for their unpredictability, at least by one measure. A reading of volatility for an ETF that tracks the S&P 500 outpaced a fund focused on emerging markets, data compiled by Bloomberg show. The SPY ETF also surpassed Bitcoin, which, in its early years, made a name for itself on its eruptive chart gyrations.